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24906 25585 30010 32199 20361 22872 28159 32298 36846 42780 42861 50545 10000 10000 10000 30010 20362 28158 36849 42857 10343 13481 13454 17941 24906 10000 10369 13548 13554 18120 25219 30462 20722 28727 37686 43941 10565 10525 11307 12018 11841 10329 10861 11072 11859 10263 10000 10289 10000 10618 10606 11423 12162 12023 10523 11078 11322 12160 10000 58928 46815 10897 15157 15505 37116 24821 39583 32766 21378 60418 10000 10921 15232 15620 21586 33169 40176 25259 37864 47869 false 0001027263 N-1A true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true Russell 3000® Index Russell 2000® Index true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true true N-CSR EQ ADVISORS TRUST 2025-12-31 EQ/ALL ASSET GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/All Asset Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$59</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.54%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 59 0.0054 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 17.18% for the year ended December 31, 2025.</div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to precious metals contributed the most to the Portfolio’s total return during the year, as gold and silver prices reached new <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">all-time</div> highs in 2025.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the iShares Gold Trust was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to international equities also contributed, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the fixed income asset class, the Portfolio’s investment in the EQ/Core Plus Bond Portfolio contributed the most to total return.</div></div></div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to the mid cap equity asset class detracted from the Portfolio’s total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to intermediate government bonds produced only modest positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the alternative investments category, real estate contributed the least to the Portfolio’s total return.</div></div></div> <img alt="LOGO" src="g897067g72a23.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/All Asset Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.28%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/All Asset Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.87%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.51%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government/Credit Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.97%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/All Asset Growth Allocation Portfolio (Class IB) 0.1718 0.0712 0.0828 S&P 500® Index 0.1788 0.1442 0.1482 EQ/All Asset Growth Allocation Index 0.1337 0.0687 0.0751 Bloomberg U.S. Intermediate Government/Credit Bond Index 0.0697 0.0096 0.0229 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">462,346,531 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$446,510</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 462346531 36 446510 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">86.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">52.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Alternatives</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commodity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Small Company Value Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Mergers &amp; Acquisitions Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Gold Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Stock Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Loomis Sayles Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Global Real Return Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Value Opportunities Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.862 0.529 0.195 0.138 0.133 0.071 0.041 0.021 0.02 -0.015 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Small Company Value Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Mergers &amp; Acquisitions Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Gold Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Stock Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Loomis Sayles Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Global Real Return Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Value Opportunities Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.078 0.074 0.064 0.055 0.048 0.041 0.04 0.04 0.039 0.038 EQ/ALL ASSET GROWTH ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/All Asset Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$31</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.29%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 31 0.0029 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 17.53% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to precious metals contributed the most to the Portfolio’s total return during the year, as gold and silver prices reached new <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">all-time</div> highs in 2025.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the iShares Gold Trust was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to international equities also contributed, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the fixed income asset class, the Portfolio’s investment in the EQ/Core Plus Bond Portfolio contributed the most to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to the mid cap equity asset class detracted from the Portfolio’s total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to intermediate government bonds produced only modest positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the alternative investments category, real estate contributed the least to the Portfolio’s total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g94k20.jpg" style="width:6.31944in;height:3.17386in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/All Asset Growth Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/All Asset Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.87%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.51%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government/Credit Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.97%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/All Asset Growth Allocation Portfolio (Class K) 0.1753 0.074 0.0855 S&P 500® Index 0.1788 0.1442 0.1482 EQ/All Asset Growth Allocation Index 0.1337 0.0687 0.0751 Bloomberg U.S. Intermediate Government/Credit Bond Index 0.0697 0.0096 0.0229 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">462,346,531 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$446,510</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 462346531 36 446510 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">86.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">52.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Alternatives</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Commodity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Small Company Value Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Mergers &amp; Acquisitions Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Gold Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Stock Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Loomis Sayles Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Global Real Return Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Value Opportunities Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.862 0.529 0.195 0.138 0.133 0.071 0.041 0.021 0.02 -0.015 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Small Company Value Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Mergers &amp; Acquisitions Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Gold Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Stock Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Loomis Sayles Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Global Real Return Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Value Opportunities Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.078 0.074 0.064 0.055 0.048 0.041 0.04 0.04 0.039 0.038 EQ/ULTRA CONSERVATIVE STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Ultra Conservative Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$52</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.50%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 52 0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 6.56% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 90% to the fixed income asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the EQ/Intermediate Government Bond Portfolio, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Intermediate Corporate Bond Portfolio also contributed to total return, as investment grade credit outperformed U.S. Treasuries during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s small allocations to the mid cap and small cap equity asset classes detracted from the Portfolio’s total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/400 Managed Volatility Portfolio had a negligible impact on performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g08a01.jpg" style="width:6.31944in;height:3.13375in"/> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Ultra Conservative Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Ultra Conservative Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table></div> EQ/Ultra Conservative Strategy Portfolio (Class IB) 0.0656 0.0125 0.0208 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Ultra Conservative Strategy Index 0.0761 0.0178 0.0291 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net A<div style="display:inline;">ssets</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,752,546,892 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">7 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,829,712</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">27%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 1752546892 7 1829712 0.27 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">89.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">66.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 M<div style="display:inline;">an</div>aged Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1.001 0.896 0.105 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">66.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 M<div style="display:inline;">an</div>aged Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.665 0.134 0.097 0.062 0.023 0.015 0.005 EQ/CONSERVATIVE STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Conservative Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$54</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.52%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 54 0.0052 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its <div style="letter-spacing: 0px; top: 0px;display:inline;">p</div>erformance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.86% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 80% to the fixed income asset class produced positive returns.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the EQ/Core Bond Index Portfolio, was the top contributor to total return.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Intermediate Corporate Bond Portfolio also contributed meaningfully to total return, as investment grade credit outperformed U.S. Treasuries during the year.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the EQ/500 Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to total return.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance relative to the large cap equity asset class. An investment in the EQ/400 Managed Volatility Portfolio did not contribute meaningfully to total return.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Short Duration Government Bond Portfolio had a negligible impact on performance.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g11a01.jpg" style="width:6.31944in;height:3.13375in"/> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.93%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> </div> EQ/Conservative Strategy Portfolio (Class IB) 0.0786 0.0193 0.0312 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Conservative Strategy Index 0.0858 0.0243 0.0368 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">541,467,661 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">9 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$541,735</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> </div> 541467661 9 541735 0.20 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">79.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div> </td> </tr> </table> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 1 0.795 0.205 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.306 0.159 0.156 0.121 0.105 0.069 0.045 0.029 0.01 EQ/CONSERVATIVE GROWTH STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Conservative Growth Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$52</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.50%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 52 0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 9.32% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 24% to the U.S. large cap equity asset class was the largest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the EQ/500 Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Core Bond Index Portfolio was the top contributor in the fixed income asset class.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance relative to the large cap equity asset class. An investment in the EQ/400 Managed Volatility Portfolio did not contribute meaningfully to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Short Duration Government Bond Portfolio had a negligible impact on performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g14a01.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of <div style="display:inline;">12</div>/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Growth Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.10%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Growth Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Conservative Growth Strategy Portfolio (Class IB) 0.0932 0.0376 0.051 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Conservative Growth Strategy Index 0.1081 0.0447 0.0578 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,083,164,306 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">9 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,071,396</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1083164306 9 1071396 0.15 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">59.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">40.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.595 0.405 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.239 0.218 0.109 0.109 0.104 0.093 0.057 0.055 0.016 EQ/BALANCED STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Balanced Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"><div style="display:inline;">What </div>were the <div style="display:inline;">Portfolio </div>costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.49%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0049 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 10.05% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 30% to the U.S. large cap equity asset class was the largest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the EQ/500 Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the biggest single contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Core Bond Index Portfolio was the biggest contributor in the fixed income asset class.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance relative to the large cap equity asset class. An investment in the EQ/400 Managed Volatility Portfolio did not contribute meaningfully to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Short Duration Government Bond Portfolio had a negligible impact on performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g17a01.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Balanced Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Balanced Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Balanced Strategy Portfolio (Class IB) 0.1005 0.0468 0.0608 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Balanced Strategy Index 0.1195 0.0568 0.0696 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,129,450,985</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">9 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,939,989</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 3129450985 9 2939989 0.15 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.505 0.495 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.298 0.179 0.117 0.098 0.089 0.089 0.071 0.04 0.019 EQ/MODERATE GROWTH STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Moderate Growth Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.48%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio <div style="display:inline;">invests</div>.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0048 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 10.83% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 36% to the U.S. large cap equity asset class was the largest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s biggest holding, the EQ/500 Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to the mid cap and small cap equity asset classes detracted from performance relative to the large cap equity asset class. An investment in the EQ/400 Managed Volatility Portfolio did not contribute meaningfully to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Short Duration Government Bond Portfolio had a negligible impact on performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g20a01.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Growth Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Growth Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Moderate Growth Strategy Portfolio (Class IB) 0.1083 0.0567 0.0708 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Moderate Growth Strategy Index 0.1305 0.0675 0.08 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,133,977,103 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">9 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,778,152</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 5133977103 9 4778152 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio <div style="display:inline;">invest </div>in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">60.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.605 0.395 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.358 0.143 0.14 0.084 0.083 0.072 0.072 0.025 0.023 EQ/GROWTH STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Growth Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.48%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0048 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio <div style="display:inline;">perform </div>last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 11.44% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 42% to the U.S. large cap equity asset class was the largest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the EQ/500 Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance relative to the large cap equity asset class. An investment in the EQ/400 Managed Volatility Portfolio did not contribute meaningfully to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Short Duration Government Bond Portfolio had a negligible impact on performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00k23.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Growth Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.07%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Growth Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Growth Strategy Portfolio (Class IB) 0.1144 0.0661 0.0807 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Growth Strategy Index 0.1415 0.0783 0.0904 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4,658,302,316 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">9 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,262,403</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 4658302316 9 4262403 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">70.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.705 0.295 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.419 0.164 0.104 0.098 0.067 0.052 0.052 0.024 0.02 EQ/AGGRESSIVE GROWTH STRATEGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Aggressive Growth Strategy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.48%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0048 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.17% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 49% to the U.S. large cap equity asset class was the largest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the EQ/500 Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from the Portfolio’s total return. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance relative to the large cap equity asset class. An investment in the EQ/400 Managed Volatility Portfolio did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00k26.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Aggressive Growth Strategy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Aggressive Growth Strategy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.28%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Aggressive Growth Strategy Portfolio (Class IB) 0.1217 0.0761 0.0904 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Aggressive Growth Strategy Index 0.1528 0.0911 0.1022 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,715,488,029 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">9 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$5,074,535</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 5715488029 9 5074535 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio <div style="display:inline;">invest </div>in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">80.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">48.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.806 0.194 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">48.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.481 0.187 0.111 0.068 0.046 0.034 0.034 0.027 0.012 EQ/CONSERVATIVE ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Conservative Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last <div style="letter-spacing: 0px; top: 0px;display:inline;">year</div>?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$50</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.48%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 50 0.0048 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.48% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 20% to the equity asset class produced attractive gains.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Intermediate Government Bond Portfolio was the top contributor to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 80% to the fixed income asset class also produced positive returns.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00k29.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.60%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/Conservative Allocation Portfolio (Class IB) 0.0748 0.0174 0.0311 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Conservative Allocation Index 0.088 0.0242 0.036 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of Dece<div style="letter-spacing: 0px; top: 0px;display:inline;">m</div>ber 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">599,819,059 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">34 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$294,334</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 599819059 34 294334 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the <div style="letter-spacing: 0px; top: 0px;display:inline;">Portfolio </div>invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">79.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 1.005 0.798 0.207 -0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.194 0.16 0.092 0.08 0.067 0.062 0.06 0.048 0.047 0.04 EQ/CONSERVATIVE ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Conservative Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$24</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.23%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 24 0.0023 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the <div style="letter-spacing: 0px; top: 0px;display:inline;">Portfolio</div> perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.89% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 20% to the equity asset class produced attractive gains.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Intermediate Government Bond Portfolio was the top contributor to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 80% to the fixed income asset class also produced positive returns.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00k32.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.60%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/Conservative Allocation Portfolio (Class K) 0.0789 0.02 0.0338 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Conservative Allocation Index 0.088 0.0242 0.036 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$599,819,059</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">34 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$294,334</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 599819059 34 294334 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">79.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 1.005 0.798 0.207 -0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.194 0.16 0.092 0.08 0.067 0.062 0.06 0.048 0.047 0.04 EQ/CONSERVATIVE-PLUS ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Conservative-Plus Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last <div style="display:inline;">year</div>?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$55</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.53%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 55 0.0053 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 9.06% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 41% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 59% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance <div style="display:inline;">during </div>the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized</div> in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00k35.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative-Plus Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.94%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative-Plus Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.49%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Conservative-Plus Allocation Portfolio (Class IB) 0.0906 0.0338 0.0494 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Conservative-Plus Allocation Index 0.112 0.0449 0.0568 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">746,811,091 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$766,094</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 746811091 36 766094 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">59.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">40.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.593 0.406 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.135 0.115 0.113 0.069 0.059 0.059 0.045 0.039 0.036 0.035 EQ/CONSERVATIVE-PLUS ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Conservative-Plus Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$29</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.28%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 29 0.0028 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 9.32% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 41% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 59% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the mid cap and small cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g38g38.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative-Plus Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Conservative-Plus Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.49%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Conservative-Plus Allocation Portfolio (Class K) 0.0932 0.0364 0.0519 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 EQ/Conservative-Plus Allocation Index 0.112 0.0449 0.0568 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$746,811,091</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$766,094<div style="-sec-ix-hidden:hidden7739968;display:inline;"></div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 746811091 36 766094 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the <div style="display:inline;">Portfolio</div> <div style="display:inline;">invest </div>in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">59.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">40.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.593 0.406 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.135 0.115 0.113 0.069 0.059 0.059 0.045 0.039 0.036 0.035 EQ/MODERATE ALLOCATION PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Moderate Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio <div style="display:inline;">costs </div>for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.49%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0049 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IA shares returned 10.20% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 51% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 49% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from <div style="display:inline;">performance </div>during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g41g41.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Allocation Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.77%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Moderate Allocation Portfolio (Class IA) 0.102 0.0412 0.0577 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Moderate Allocation Index 0.1279 0.0541 0.0657 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,186,316,191 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,820,468</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 5186316191 36 4820468 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.507 0.492 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.125 0.107 0.089 0.07 0.061 0.049 0.047 0.04 0.037 0.03 EQ/MODERATE ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Moderate Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.49%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0049 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio <div style="display:inline;">perform </div>last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 10.25% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 51% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 49% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g44g44.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.14%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Moderate Allocation Portfolio (Class IB) 0.1025 0.0414 0.0578 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Moderate Allocation Index 0.1279 0.0541 0.0657 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,186,316,191 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,820,468</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 5186316191 36 4820468 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.507 0.492 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.125 0.107 0.089 0.07 0.061 0.049 0.047 0.04 0.037 0.03 EQ/MODERATE ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Moderate Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$25</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.24%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 25 0.0024 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 10.45% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 51% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 49% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00v01.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.45%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Moderate Allocation Portfolio (Class K) 0.1045 0.044 0.0604 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Moderate Allocation Index 0.1279 0.0541 0.0657 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,186,316,191 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,820,468</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 5186316191 36 4820468 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.507 0.492 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.125 0.107 0.089 0.07 0.061 0.049 0.047 0.04 0.037 0.03 EQ/MODERATE-PLUS ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Moderate-Plus Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$51</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.48%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 51 0.0048 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its <div style="display:inline;">performance</div>?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 11.50% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 71% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 29% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00v02.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate-Plus Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate-Plus Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.24%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Moderate-Plus Allocation Portfolio (Class IB) 0.115 0.0588 0.0767 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Moderate-Plus Allocation Index 0.1524 0.0756 0.0862 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">6,752,839,931 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,120,562</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 6752839931 36 6120562 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">70.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.708 0.291 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.173 0.079 0.072 0.059 0.051 0.048 0.033 0.033 0.031 0.029 EQ/MODERATE-PLUS ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Moderate-Plus Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$25</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.23%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 25 0.0023 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 11.74% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 71% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 29% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although the 1290 VT High Yield Bond Portfolio delivered strong returns, the investment did not contribute meaningfully to performance due to the small allocation to the high yield asset class.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00v03.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate-Plus Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.94%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Moderate-Plus Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.24%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Moderate-Plus Allocation Portfolio (Class K) 0.1174 0.0616 0.0794 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Moderate-Plus Allocation Index 0.1524 0.0756 0.0862 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">6,752,839,931 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,120,562</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 6752839931 36 6120562 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">70.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:40pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.999 0.708 0.291 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.173 0.079 0.072 0.059 0.051 0.048 0.033 0.033 0.031 0.029 EQ/AGGRESSIVE ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Aggressive Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$52</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.49%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 52 0.0049 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.97% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 91% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the biggest single contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 9% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investments in the EQ/Janus Enterprise Portfolio and the EQ/American Century Mid Cap Value Portfolio did not contribute meaningfully to performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00v04.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Aggressive Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.97%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Aggressive Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.99%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Aggressive Allocation Portfolio (Class IB) 0.1297 0.0779 0.0947 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Aggressive Allocation Index 0.1791 0.0999 0.1078 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3,271,429,255 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,935,487</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">11%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 3271429255 36 2935487 0.11 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">91.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Global Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/ClearBridge Select Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.91 0.09 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Global Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/ClearBridge Select Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.244 0.104 0.077 0.045 0.042 0.04 0.037 0.035 0.032 0.027 EQ/AGGRESSIVE ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Aggressive Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$26</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.24%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 26 0.0024 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.21% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 91% to the equity asset class produced attractive gains.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the ATM Large Cap Managed Volatility Portfolio, which tracks the broad U.S. stock market, was the biggest single contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to the international equity asset class also contributed to performance, as international equities outperformed U.S. equities during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 9% to the fixed income asset class also produced positive returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investments in the EQ/Janus Enterprise Portfolio and the EQ/American Century Mid Cap Value Portfolio did not contribute meaningfully to performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a21.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Aggressive Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.07%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Aggressive Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.99%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Aggressive Allocation Portfolio (Class K) 0.1321 0.0807 0.0975 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Aggressive Allocation Index 0.1791 0.0999 0.1078 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3,271,429,255 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">36 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,935,487</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">11%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 3271429255 36 2935487 0.11 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">91.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Global Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/ClearBridge Select Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.91 0.09 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Global Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/ClearBridge Select Equity Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Managed Volatility Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.244 0.104 0.077 0.045 0.042 0.04 0.037 0.035 0.032 0.027 EQUITABLE CONSERVATIVE GROWTH MF/ETF PORTFOLIO CLASS IB This annual shareholder report contains important information about the Equitable Conservative Growth MF/ETF Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$69</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.65%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 69 0.0065 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.03% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 56% to the fixed income asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the 1290 Diversified Bond Fund, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Favoring U.S. equities over emerging market equities in the first six months of the year detracted from total return, as emerging markets outperformed the U.S. equity market during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Small Cap Growth Portfolio did not contribute meaningfully to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The 1290 SmartBeta Equity Fund lagged its benchmark index and delivered only a small return relative to its weight in the Portfolio.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a22.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Conservative Growth MF/ETF Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.85%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Conservative Growth MF/ETF Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.02%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Equitable Conservative Growth MF/ETF Portfolio (Class IB) 0.1203 0.0495 0.0685 MSCI ACWI (Net) Index 0.2234 0.1119 0.1172 Equitable Conservative Growth MF/ETF Index 0.1321 0.0426 0.0602 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">81,008,908 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$77,527</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">52%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 81008908 15 77527 0.52 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">66.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">44.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Broad USD High Yield Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.668 0.44 0.228 0.312 0.247 0.065 0.02 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Broad USD High Yield Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.351 0.113 0.089 0.067 0.057 0.049 0.049 0.049 0.038 0.035 EQUITABLE CONSERVATIVE GROWTH MF/ETF PORTFOLIO CLASS K This annual shareholder report contains important information about the Equitable Conservative Growth MF/ETF Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$43</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.40%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 43 0.004 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 12.36% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 56% to the fixed income asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the 1290 Diversified Bond Fund, was the top contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Favoring U.S. equities over emerging market equities in the first six months of the year detracted from total return, as emerging markets outperformed the U.S. equity market during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/AB Small Cap Growth Portfolio did not contribute meaningfully to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The 1290 SmartBeta Equity Fund lagged its benchmark index and delivered only a small return relative to its weight in the Portfolio.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a23.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Conservative Growth MF/ETF Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Conservative Growth MF/ETF Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.02%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Equitable Conservative Growth MF/ETF Portfolio (Class K) 0.1236 0.0522 0.0712 MSCI ACWI (Net) Index 0.2234 0.1119 0.1172 Equitable Conservative Growth MF/ETF Index 0.1321 0.0426 0.0602 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$81,008,908</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$77,527</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">52%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 81008908 15 77527 0.52 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">66.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">44.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Broad USD High Yield Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.668 0.44 0.228 0.312 0.247 0.065 0.02 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Broad USD High Yield Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.351 0.113 0.089 0.067 0.057 0.049 0.049 0.049 0.038 0.035 EQUITABLE MODERATE GROWTH MF/ETF PORTFOLIO CLASS IB This annual shareholder report contains important information about the Equitable Moderate Growth MF/ETF Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$63</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.59%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 63 0.0059 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.43% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 64% to the equity asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the 1290 Diversified Bond Fund, was a top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the 1290 Essex Small Cap Growth Fund, which outperformed the broad U.S. equity market, also contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Favoring U.S. equities over emerging market equities in the first six months of the year detracted from performance, as emerging markets outperformed the U.S. equity market during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to low volatility investments also detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The 1290 SmartBeta Equity Fund lagged its benchmark index and delivered only a small return relative to its weight in the Portfolio.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a24.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:9%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Moderate Growth MF/ETF Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.71%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Moderate Growth MF/ETF Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 15, 2022 </div></td></tr></table> Equitable Moderate Growth MF/ETF Portfolio (Class IB) 0.1343 0.0571 MSCI ACWI (Net) Index 0.2234 0.1116 Equitable Moderate Growth MF/ETF Index 0.1622 0.0715 Bloomberg U.S. Aggregate Bond Index 0.073 0.0103 2022-02-15 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$37,737,243</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">43%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 37737243 16 0 0.43 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">64.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">38.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">33.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.649 0.389 0.26 0.331 0.287 0.044 0.019 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.204 0.198 0.081 0.08 0.074 0.062 0.056 0.056 0.049 0.028 EQUITABLE MODERATE GROWTH MF/ETF PORTFOLIO CLASS K This annual shareholder report contains important information about the Equitable Moderate Growth MF/ETF Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$37</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.34%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 37 0.0034 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.58% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 64% to the equity asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s largest holding, the 1290 Diversified Bond Fund, was a top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the 1290 Essex Small Cap Growth Fund, which outperformed the broad U.S. equity market, also contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Favoring U.S. equities over emerging market equities in the first six months of the year detracted from performance, as emerging markets outperformed the U.S. equity market during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to low volatility investments also detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The 1290 SmartBeta Equity Fund lagged its benchmark index and delivered only a small return relative to its weight in the Portfolio.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a25.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:9%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Moderate Growth MF/ETF Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Moderate Growth MF/ETF Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 15, 2022 </div></td></tr></table> Equitable Moderate Growth MF/ETF Portfolio (Class K) 0.1358 0.0596 MSCI ACWI (Net) Index 0.2234 0.1116 Equitable Moderate Growth MF/ETF Index 0.1622 0.0715 Bloomberg U.S. Aggregate Bond Index 0.073 0.0103 2022-02-15 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$37,737,243</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">43%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 37737243 16 0 0.43 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">64.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">38.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">33.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.649 0.389 0.26 0.331 0.287 0.044 0.019 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.204 0.198 0.081 0.08 0.074 0.062 0.056 0.056 0.049 0.028 EQUITABLE GROWTH MF/ETF PORTFOLIO CLASS IB T<div style="display:inline;">his annual shareholder report contains important information about the Equitable Growth MF/ETF Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025.</div> annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$62</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.58%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 62 0.0058 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 14.37% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 84% to the equity asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the 1290 Essex Small Cap Growth Fund, which outperformed the broad U.S. equity market, was a top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Favoring U.S. equities over emerging market equities in the first six months of the year detracted from performance, as emerging markets outperformed the U.S. equity market during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to low volatility investments also detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The 1290 SmartBeta Equity Fund lagged its benchmark index and delivered only a small return relative to its weight in the Portfolio.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a26.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:9%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Growth MF/ETF Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Growth MF/ETF Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 15, 2022 </div></td></tr></table> Equitable Growth MF/ETF Portfolio (Class IB) 0.1437 0.073 MSCI ACWI (Net) Index 0.2234 0.1116 Equitable Growth MF/ETF Index 0.1926 0.0916 Bloomberg U.S. Aggregate Bond Index 0.073 0.0103 2022-02-15 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$38,010,252</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">45%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 38010252 15 0 0.45 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">64.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">55.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">33.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.645 0.557 0.088 0.335 0.317 0.018 0.021 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.303 0.106 0.099 0.088 0.081 0.052 0.049 0.048 0.041 0.04 EQUITABLE GROWTH MF/ETF PORTFOLIO CLASS K This annual shareholder report contains important information about the Equitable Growth MF/ETF Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$35</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.33%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 35 0.0033 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 14.63% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 84% to the equity asset class produced positive returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the 1290 Essex Small Cap Growth Fund, which outperformed the broad U.S. equity market, was a top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Favoring U.S. equities over emerging market equities in the first six months of the year detracted from performance, as emerging markets outperformed the U.S. equity market during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to low volatility investments also detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The 1290 SmartBeta Equity Fund lagged its benchmark index and delivered only a small return relative to its weight in the Portfolio.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a27.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:64%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:13%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Growth MF/ETF Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.63%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Equitable Growth MF/ETF Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 15, 2022 </div></td></tr></table> Equitable Growth MF/ETF Portfolio (Class K) 0.1463 0.0756 MSCI ACWI (Net) Index 0.2234 0.1116 Equitable Growth MF/ETF Index 0.1926 0.0916 Bloomberg U.S. Aggregate Bond Index 0.073 0.0103 2022-02-15 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">38,010,252 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">45%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 38010252 15 0 0.45 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">64.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">55.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">33.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.645 0.557 0.088 0.335 0.317 0.018 0.021 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 SmartBeta Equity Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 GAMCO Small/Mid Cap Value Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI Global Min Vol Factor ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard FTSE Emerging Markets ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Essex Small Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SPDR Portfolio Developed World ex-US ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P U.S. Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Avantis<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">®</div> U.S. Large Cap Growth Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 High Yield Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.303 0.106 0.099 0.088 0.081 0.052 0.049 0.048 0.041 0.04 TARGET 2015 ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the Target 2015 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$58</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.55%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 58 0.0055 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 9.41% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 77% to the fixed income asset class contributed positive returns, led by the 1290 Diversified Bond Fund.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the most significant contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the biggest single contributor to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the EQ/Small Company Index Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a28.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2015 Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.84%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2015 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2015 Allocation Portfolio (Class IB) 0.0941 0.0284 0.0508 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 S&P Target Date 2015 Index 0.1215 0.0491 0.0634 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">21,466,396 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 21466396 16 0 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">78.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.783 0.217 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.161 0.152 0.138 0.102 0.09 0.09 0.078 0.063 0.032 0.018 TARGET 2015 ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the Target 2015 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$31</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.30%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 31 0.003 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 9.69% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 77% to the fixed income asset class contributed positive returns, led by the 1290 Diversified Bond Fund.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the most significant contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the biggest single contributor to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the EQ/Small Company Index Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a29.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2015 Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.69%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2015 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2015 Allocation Portfolio (Class K) 0.0969 0.0309 0.0533 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 S&P Target Date 2015 Index 0.1215 0.0491 0.0634 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">21,466,396 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 21466396 16 0 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">78.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.783 0.217 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.161 0.152 0.138 0.102 0.09 0.09 0.078 0.063 0.032 0.018 TARGET 2025 ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the Target 2025 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$61</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.58%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 61 0.0058 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.12% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the most significant contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 23%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 48% to the fixed income asset class contributed positive returns, led by the 1290 Diversified Bond Fund.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the EQ/Value Equity Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99a30.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2025 Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2025 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.07%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2025 Allocation Portfolio (Class IB) 0.1312 0.0557 0.0741 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2025 Index 0.1398 0.0607 0.0757 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">136,406,876 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$95,976</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 136406876 16 95976 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">51.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">48.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1.001 0.515 0.486 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.228 0.091 0.09 0.088 0.079 0.071 0.05 0.049 0.049 0.047 TARGET 2025 ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the Target 2025 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$35</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.33%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 35 0.0033 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.38% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the most significant contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 23%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 48% to the fixed income asset class contributed positive returns, led by the 1290 Diversified Bond Fund.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the EQ/Value Equity Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g01s06.jpg" style="width:6.31944in;height:3.19888in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2025 Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2025 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.07%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2025 Allocation Portfolio (Class K) 0.1338 0.0582 0.0768 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2025 Index 0.1398 0.0607 0.0757 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">136,406,876 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$95,976</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 136406876 16 95976 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">51.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">48.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="display:inline;">4.7%</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1.001 0.515 0.486 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="display:inline;">4.7%</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.228 0.091 0.09 0.088 0.079 0.071 0.05 0.049 0.049 0.047 TARGET 2035 ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the Target 2035 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$59</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.55%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 59 0.0055 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 15.70% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the strongest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 33%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the Portfolio’s investments in the EQ/American Century Mid Cap Value Portfolio and EQ/Janus Enterprise Portfolio contributed the least to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 28% to the fixed income asset class did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g19a30.jpg" style="width:6.31944in;height:3.21053in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns <div style="display:inline;">as </div>of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2035 Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2035 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2035 Allocation Portfolio (Class IB) 0.157 0.075 0.0895 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2035 Index 0.168 0.0819 0.0932 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$294,609,321</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$271,159</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 294609321 16 271159 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">71.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.712 0.288 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.327 0.112 0.088 0.061 0.052 0.052 0.05 0.045 0.043 0.035 TARGET 2035 ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the Target 2035 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$32</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.30%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 32 0.003 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 16.03% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the strongest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 33%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the Portfolio’s investments in the EQ/American Century Mid Cap Value Portfolio and EQ/Janus Enterprise Portfolio contributed the least to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 28% to the fixed income asset class did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g10a23.jpg" style="width:6.31944in;height:3.19461in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2035 Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.77%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.23%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2035 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2035 Allocation Portfolio (Class K) 0.1603 0.0777 0.0923 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2035 Index 0.168 0.0819 0.0932 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$294,609,321</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$271,159</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 294609321 16 271159 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">71.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.712 0.288 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.327 0.112 0.088 0.061 0.052 0.052 0.05 0.045 0.043 0.035 TARGET 2045 ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the Target 2045 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$60</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.55%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 60 0.0055 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 16.81% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the strongest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 38%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the Portfolio’s investments in the EQ/Janus Enterprise Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 18% to the fixed income asset class did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g16a26.jpg" style="width:6.30556in;height:3.21171in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as <div style="display:inline;">of </div>12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2045 Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2045 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.84%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.54%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2045 Allocation Portfolio (Class IB) 0.1681 0.0858 0.0986 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2045 Index 0.1948 0.0984 0.1054 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$280,752,302</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$257,571</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">11%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 280752302 16 257571 0.11 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">81.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">37.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1.001 0.813 0.188 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">37.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.377 0.13 0.101 0.069 0.059 0.033 0.03 0.029 0.027 0.026 TARGET 2045 ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the Target 2045 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$33</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.30%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 33 0.003 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 17.08% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the strongest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 38%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the Portfolio’s investments in the EQ/Janus Enterprise Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 18% to the fixed income asset class did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00v05.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2045 Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.85%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.14%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2045 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.84%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.54%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2045 Allocation Portfolio (Class K) 0.1708 0.0885 0.1014 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2045 Index 0.1948 0.0984 0.1054 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$280,752,302</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$257,571</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">11%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 280752302 16 257571 0.11 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">81.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">37.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1.001 0.813 0.188 -0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">37.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 Diversified Bond Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.377 0.13 0.101 0.069 0.059 0.033 0.03 0.029 0.027 0.026 TARGET 2055 ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the Target 2055 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$68</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.63%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 68 0.0063 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 17.90% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the strongest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 42%, the Portfolio’s investment in the EQ/Equity 500 Index Portf<div style="display:inline;">olio</div> was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the Portfolio’s investments in the EQ/Janus Enterprise Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 8% to the fixed income asset class did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00v06.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2055 Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.90%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.51%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2055 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">20.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2055 Allocation Portfolio (Class IB) 0.179 0.0951 0.1081 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2055 Index 0.2006 0.1027 0.1091 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$162,961,414</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$142,492</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 162961414 16 142492 0.04 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">91.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 1 0.912 0.088 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.414 0.144 0.12 0.088 0.061 0.041 0.02 0.019 0.016 0.014 TARGET 2055 ALLOCATION PORTFOLIO CLASS K This annual shareholder report contains important information about the Target 2055 Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$41</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.38%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 41 0.0038 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 18.22% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. large cap equity asset category was the strongest contributor to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">With an average weighting of 42%, the Portfolio’s investment in the EQ/Equity 500 Index Portfolio was the top contributor to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to international equities, including emerging markets, also contributed to total return.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocations to the small cap and mid cap equity asset classes detracted from total return relative to the large cap equity asset class.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the equity asset class, the Portfolio’s investments in the EQ/Janus Enterprise Portfolio and EQ/American Century Mid Cap Value Portfolio contributed the least to total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s average allocation of 8% to the fixed income asset class did not contribute meaningfully to total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g00v07.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Target 2055 Allocation Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Target Date 2055 Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">20.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Target 2055 Allocation Portfolio (Class K) 0.1822 0.0978 0.1108 S&P 500® Index 0.1788 0.1442 0.1482 S&P Target Date 2055 Index 0.2006 0.1027 0.1091 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:3pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$162,961,414</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$142,492</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 162961414 16 142492 0.04 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">100.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">91.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1 0.912 0.088 0 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.414 0.144 0.12 0.088 0.061 0.041 0.02 0.019 0.016 0.014 1290 VT MODERATE GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Moderate Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$111</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.04%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 111 0.0104 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.34% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The international equity asset class provided the highest positive impact on performance, contributing approximately 5.6% to the Portfolio’s total return during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The large cap equity asset class also had a positive impact, contributing approximately 5.1% to the Portfolio’s total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Maintaining an overweight position in equities throughout most of the year also contributed to performance, as equities outperformed fixed income.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by U.S. trade policy, the Portfolio de-equitized in April, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Cash equivalents had a negligible impact on performance, with a near zero-return contribution.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The U.S. small cap equity asset class contributed a modest 0.3% to the Portfolio’s total return.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g10a10.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Moderate Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.46%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Moderate Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.28%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.71%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Credit Corporate 5-10 Year Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 1, 2019 </div></td></tr></table> 1290 VT Moderate Growth Allocation Portfolio (Class IB) 0.1334 0.0632 0.0746 S&P 500® Index 0.1788 0.1442 0.1622 1290 VT Moderate Growth Allocation Index 0.1628 0.0764 0.0971 Bloomberg U.S. Credit Corporate 5-10 Year Index 0.0958 0.0086 0.0358 2019-02-01 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">244,972,422 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">10 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,378,904</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">35%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 244972422 10 1378904 0.35 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">64.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Intermediate-Term Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core MSCI EAFE ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Large-Cap ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P Mid-Cap ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI EAFE ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 2000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P Small-Cap ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.996 0.644 0.352 0.006 -0.002 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Intermediate-Term Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core MSCI EAFE ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Large-Cap ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P Mid-Cap ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares MSCI EAFE ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 2000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P Small-Cap ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.352 0.162 0.16 0.151 0.054 0.052 0.044 0.011 0.01 0.006 1290 VT MULTI-ALTERNATIVE STRATEGIES PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Multi-Alternative Strategies Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$117</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 117 0.011 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.40% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Commodities asset category was the top contributor to performance, adding approximately 4.8% to the Portfolio’s total return during the year. Commodities surged 31.4%, driven by a 72.8% gain in precious metals.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Convertible Securities asset category also delivered strong results, contributing 2.9% to the Portfolio’s total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Managed Futures and Global Real Estate asset categories added 1.7% and 1.6%, respectively, benefiting from trend-following strategies and international property rebounds.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Real Return asset category contributed the least to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Commodities asset category, exposures to energy and agriculture were minor detractors.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s cash position was a negligible detractor.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g10a13.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Multi-Alternative Strategies Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. 3-Month Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:15.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: November 13, 2017 </div></td></tr></table> 1290 VT Multi-Alternative Strategies Portfolio (Class IB) 0.134 0.035 0.0322 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0178 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0257 2017-11-13 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">10,406,734 </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">12 </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$0</td> <td style="BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">22%</td> <td style="BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 10406734 12 0 0.22 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alternatives</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">25.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commodity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-16.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Convertible Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NYLI Merger Arbitrage ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Short-Term Inflation-Protected Securities ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iMGP DBi Managed Futures Strategy ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Precious Metals Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Global ex-U.S. Real Estate ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core U.S. REIT ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Nasdaq Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Agriculture Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.995 0.289 0.282 0.258 0.166 0.167 -0.162 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Convertible Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NYLI Merger Arbitrage ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Short-Term Inflation-Protected Securities ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iMGP DBi Managed Futures Strategy ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Precious Metals Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Global ex-U.S. Real Estate ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core U.S. REIT ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Nasdaq Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Agriculture Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.166 0.135 0.123 0.123 0.094 0.083 0.069 0.068 0.051 0.042 1290 VT MULTI-ALTERNATIVE STRATEGIES PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Multi-Alternative Strategies Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$91</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.85%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">*  Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 91 0.0085 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.65% for the year ended D<div style="display:inline;">ece</div>mber 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Commodities asset category was the top contributor to performance, adding approximately 4.8% to the Portfolio’s total return during the year. Commodities surged 31.4%, driven by a 72.8% gain in precious metals.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Convertible Securities asset category also delivered strong results, contributing 2.9% to the Portfolio’s total return.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Managed Futures and Global Real Estate asset categories added 1.7% and 1.6%, respectively, benefiting from trend-following strategies and international property rebounds.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Real Return asset category contributed the least to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Commodities asset category, exposures to energy and agriculture were minor detractors.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s cash position was a negligible detractor.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g10a16.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Multi-Alternative Strategies Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.65%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. 3-Month Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:15.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: November 13, 2017 </div></td></tr></table> 1290 VT Multi-Alternative Strategies Portfolio (Class K) 0.1365 0.0375 0.0348 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0178 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0257 2017-11-13 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">10,406,734 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">22%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 10406734 12 0 0.22 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alternatives</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">25.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commodity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-16.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Convertible Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NYLI Merger Arbitrage ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Short-Term Inflation-Protected Securities ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iMGP DBi Managed Futures Strategy ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Precious Metals Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Global ex-U.S. Real Estate ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core U.S. REIT ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Nasdaq Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Agriculture Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.995 0.289 0.282 0.258 0.166 0.167 -0.162 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Convertible Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NYLI Merger Arbitrage ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Short-Term Inflation-Protected Securities ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iMGP DBi Managed Futures Strategy ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Precious Metals Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Global ex-U.S. Real Estate ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core U.S. REIT ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Nasdaq Equity Premium Income ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Invesco DB Agriculture Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.166 0.135 0.123 0.123 0.094 0.083 0.069 0.068 0.051 0.042 1290 VT CONVERTIBLE SECURITIES PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Convertible Securities Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$97</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 97 0.009 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 15.79% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Convertible bonds delivered strong returns in 2025, outperforming the broader stock market and traditional investment-grade debt.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">In general, the decline in U.S. Treasury yields provided a favorable backdrop for fixed income markets.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s performance were Industrials and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Convertible preferred stock issued by The Boeing Company was the top contributor to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Sectors that detracted included Transportation, Insurance, and Brokerage, Asset Managers, and Exchanges.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A small allocation to cash also detracted.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g10a19.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Convertible Securities Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Convertible Liquid Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Convertible Securities Portfolio (Class IB) 0.1579 0.0291 0.0889 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Convertible Liquid Bond Index 0.1695 0.04 0.114 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">57,277,690 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">330 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$161,379</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">39%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 57277690 330 161379 0.39 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boeing Co. (The), 6.00%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alibaba Group Holding Ltd., 0.50%, 6/1/31</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp., 3.00%, 11/15/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co., 7.50%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 1.50%, 12/15/29</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Seagate HDD Cayman, 3.50%, 6/1/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DoorDash, Inc., 0.00%, 5/15/30</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Albemarle Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 0.38%, 3/15/32</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.345 0.139 0.112 0.106 0.105 0.085 0.035 0.029 0.019 0.015 0.005 0.003 0.002 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boeing Co. (The), 6.00%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alibaba Group Holding Ltd., 0.50%, 6/1/31</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp., 3.00%, 11/15/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co., 7.50%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 1.50%, 12/15/29</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Seagate HDD Cayman, 3.50%, 6/1/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DoorDash, Inc., 0.00%, 5/15/30</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Albemarle Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 0.38%, 3/15/32</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.023 0.023 0.022 0.014 0.011 0.011 0.01 0.008 0.008 0.008 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 1290 VT CONVERTIBLE SECURITIES PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Convertible Securities Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$70</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.65%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 70 0.0065 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 16.09% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Convertible bonds delivered strong returns in 2025, outperforming the broader stock market and traditional investment-grade debt.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">In general, the decline in U.S. Treasury yields provided a favorable backdrop for fixed income markets.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s performance were Industrials and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Convertible preferred stock issued by The Boeing Company was the top contributor to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Sectors that detracted included Transportation, Insurance, and Brokerage, Asset Managers, and Exchanges.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A small allocation to cash also detracted.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g10a22.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Convertible Securities Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Convertible Liquid Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Convertible Securities Portfolio (Class K) 0.1609 0.0317 0.0916 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Convertible Liquid Bond Index 0.1695 0.04 0.114 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">57,277,690 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">330 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$161,379</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">39%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 57277690 330 161379 0.39 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boeing Co. (The), 6.00%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alibaba Group Holding Ltd., 0.50%, 6/1/31</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp., 3.00%, 11/15/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co., 7.50%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 1.50%, 12/15/29</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Seagate HDD Cayman, 3.50%, 6/1/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DoorDash, Inc., 0.00%, 5/15/30</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Albemarle Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 0.38%, 3/15/32</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.345 0.139 0.112 0.106 0.105 0.085 0.035 0.029 0.019 0.015 0.005 0.003 0.002 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boeing Co. (The), 6.00%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alibaba Group Holding Ltd., 0.50%, 6/1/31</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp., 3.00%, 11/15/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co., 7.50%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 1.50%, 12/15/29</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Seagate HDD Cayman, 3.50%, 6/1/28</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DoorDash, Inc., 0.00%, 5/15/30</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Albemarle Corp., 7.25%</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lumentum Holdings, Inc., 0.38%, 3/15/32</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.023 0.023 0.022 0.014 0.011 0.011 0.01 0.008 0.008 0.008 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 1290 VT DOUBLELINE OPPORTUNISTIC BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT DoubleLine Opportunistic Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Po<div style="display:inline;">r</div>tfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a perc<div style="display:inline;">en</div>tage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$92</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.89%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 92 0.0089 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.25% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s top performing sectors were emerging market local-currency debt and high yield bonds.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Emerging market local-currency debt delivered strong performance in Q4 2025, buoyed by a softer U.S. dollar, improving emerging market growth fundamentals, and attractive yield differentials as global rate-cut expectations broadened</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">High yield debt performed well in Q4 2025 as tight credit spreads, resilient corporate fundamentals, and strong coupon income supported returns, while falling front-end rates from consecutive Fed cuts helped reinforce demand for carry-oriented credit.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">While all sectors generated positive returns, U.S. Treasuries and emerging markets fixed income lagged the most.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Emerging markets fixed income underperformed as rising long-maturity U.S. Treasury yields and a bear-steepening curve pressured hard-currency sovereign spreads, while fiscal and inflation uncertainty weighed more heavily on dollar-denominated emerging markets credit.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. Treasuries lagged as rising intermediate- and long-maturity yields led to a pronounced bear-steepening of the curve, with longer-duration government securities facing headwinds due to persistent fiscal and inflation uncertainty that muted total returns relative to credit-oriented sectors.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g01k25.jpg" style="width:6.31944in;height:3.18468in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT DoubleLine Opportunistic Bond Portfolio (Class IB) 0.0725 0.0027 0.0212 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">520,706,847 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">846 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,552,628</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">52%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 520706847 846 2552628 0.52 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.228 0.226 0.21 0.165 0.063 0.055 0.03 0.008 0 0.007 0.008 1290 VT DOUBLELINE OPPORTUNISTIC BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT DoubleLine Opportunistic Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$66</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.64%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 66 0.0064 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.63% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s top performing sectors were emerging market local-currency debt and high yield bonds.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Emerging market local-currency debt delivered strong performance in Q4 2025, buoyed by a softer U.S. dollar, improving emerging market growth fundamentals, and attractive yield differentials as global rate-cut expectations broadened</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">High yield debt performed well in Q4 2025 as tight credit spreads, resilient corporate fundamentals, and strong coupon income supported returns, while falling front-end rates from consecutive Fed cuts helped reinforce demand for carry-oriented credit.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">While all sectors generated positive returns, U.S. Treasuries and emerging markets fixed income lagged the most.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Emerging markets fixed income underperformed as rising long-maturity U.S. Treasury yields and a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">bear-steepening</div> curve pressured hard-currency sovereign spreads, while fiscal and inflation uncertainty weighed more heavily on dollar-denominated emerging markets credit.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. Treasuries lagged as rising intermediate- and long-maturity yields led to a pronounced bear-steepening of the curve, with longer-duration government securities facing headwinds due to persistent fiscal and inflation uncertainty that muted total returns relative to credit-oriented sectors.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g01k28.jpg" style="width:6.31944in;height:3.18468in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT DoubleLine Opportunistic Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.63%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT DoubleLine Opportunistic Bond Portfolio (Class K) 0.0763 0.0052 0.0238 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">520,706,847 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">846 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,552,628</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover R<div style="display:inline;">at</div>e</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">52%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 520706847 846 2552628 0.52 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">22.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">16.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Investment Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.228 0.226 0.21 0.165 0.063 0.055 0.03 0.008 0 0.007 0.008 1290 VT EQUITY INCOME PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Equity Income Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$101</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.95%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 101 0.0095 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.04% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overall, eight of eleven sectors contributed positively to the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Financials, Health Care, and Industrials sectors contributed the most to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">67% of the stocks in the Portfolio had a positive impact on performance. The top 5 contributors were CVS Health Corporation, JPMorgan Chase &amp; Co., Philip Morris International Inc., Johnson Controls International PLC, and Smith &amp; Nephew PLC.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Three sectors had a negative impact on the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Consumer Discretionary, Materials, and Communication Services sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">33% of the stocks in the Portfolio had a negative impact on performance. The stocks that detracted the most were UnitedHealth Group Inc., Comcast Corporation, Fidelity National Information Services, Inc., Air Products and Chemicals, Inc., and Skyworks Solutions, Inc.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g01k31.jpg" style="width:6.31944in;height:3.18468in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Equity Income Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.85%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Equity Income Portfolio (Class IB) 0.1304 0.1125 0.0885 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">445,757,273 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">46 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$ 2,618,364</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">21%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 445757273 46 2618364 0.21 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio <div style="display:inline;">inv</div>est in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Merck &amp; Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Pinnacle West Capital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Northern Trust Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Unilever plc (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Air Products and Chemicals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.201 0.157 0.132 0.101 0.085 0.08 0.075 0.068 0.061 0.03 0.024 -0.014 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Merck &amp; Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Pinnacle West Capital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Northern Trust Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Unilever plc (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Air Products and Chemicals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.04 0.036 0.031 0.031 0.03 0.03 0.03 0.029 0.029 0.029 1290 VT EQUITY INCOME PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Equity Income Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$75</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.70%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 75 0.007 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.21% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overall, eight of eleven sectors contributed positively to the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Financials, Health Care, and Industrials sectors contributed the most to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">67% of the stocks in the Portfolio had a positive impact on performance. The top 5 contributors were CVS Health Corporation, JPMorgan Chase &amp; Co., Philip Morris International Inc., Johnson Controls International PLC, and Smith &amp; Nephew PLC.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Three sectors had a negative impact on the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Consumer Discretionary, Materials, and Communication Services sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">33% of the stocks in the Portfolio had a negative impact on performance. The stocks that detracted the most were UnitedHealth Group Inc., Comcast Corporation, Fidelity National Information Services, Inc., Air Products and Chemicals, Inc., and Skyworks Solutions, Inc.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g01k34.jpg" style="width:6.31944in;height:3.18468in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Equity Income Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Equity Income Portfolio (Class K) 0.1321 0.1152 0.0911 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">445,757,273 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">46 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,618,364</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">21%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 445757273 46 2618364 0.21 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the P<div style="display:inline;">ort</div>folio in<div style="display:inline;">ve</div>st in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Merck &amp; Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Pinnacle West Capital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Northern Trust Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Unilever plc (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Air Products and Chemicals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.201 0.157 0.132 0.101 0.085 0.08 0.075 0.068 0.061 0.03 0.024 -0.014 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Merck &amp; Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Pinnacle West Capital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Northern Trust Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Unilever plc (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Air Products and Chemicals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.04 0.036 0.031 0.031 0.03 0.03 0.03 0.029 0.029 0.029 1290 VT GAMCO MERGERS & ACQUISITIONS PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT GAMCO Mergers &amp; Acquisitions Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">at 1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last ye<div style="display:inline;">ar</div>?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$135</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.25%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 135 0.0125 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 15.91% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A resurgence in deal activity helped drive performance during the year, with global M&amp;A volume up nearly 50% to $4.6 trillion for 2025. Higher deal activity was underpinned by the need for scale in a world increasingly dominated by technology and the tech giants, lower financing costs and a more flexible regulatory environment.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Communication Services was the highest contributor to return by sector on an absolute basis for the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Millicom International Cellular SA, a Latin American wireless carrier, was a top contributor to performance. The company was up more than 150% during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection of small- and mid-capitalization holdings was the primary driver of returns by market capitalization during the period.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Homebuilder Lennar Corporation was the biggest detractor from absolute performance. The company was down 22.8% during the year as the housing market faced challenges.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s lower exposure to companies in the Information Technology sector was the primary detractor from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s underweight position in the Financials sector detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of already announced deals detracted from performance relative to the broader market, as it was a strong period for the market in general.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g01k37.jpg" style="width:6.31944in;height:3.18468in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Mergers &amp; Acquisitions Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Long-Only Merger Arbitrage Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1290 VT GAMCO Mergers & Acquisitions Portfolio (Class IB) 0.1591 0.077 0.0538 S&P 500® Index 0.1788 0.1442 0.1482 S&P Long-Only Merger Arbitrage Index 0.0683 0.0315 0.0378 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Stat<div style="display:inline;">isti</div>cs</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">170,767,934 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">185 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,367,921</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">142%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 170767934 185 1367921 1.42 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">22.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Confluent, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fox Corp., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hillenbrand, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Southwest Gas Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">National Fuel Gas Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chart Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TXNM Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vulcan Materials Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Atlanta Braves Holdings, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.199 0.107 0.106 0.092 0.063 0.055 0.047 0.046 0.025 0.011 0.006 0.223 0.02 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Confluent, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fox Corp., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hillenbrand, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Southwest Gas Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">National Fuel Gas Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chart Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TXNM Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vulcan Materials Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Atlanta Braves Holdings, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.195 0.042 0.031 0.028 0.027 0.026 0.025 0.025 0.023 0.023 1290 VT GAMCO MERGERS & ACQUISITIONS PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT GAMCO Mergers &amp; Acquisitions Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">at 1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$108</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.00%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 108 0.01 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its perf<div style="display:inline;">orm</div>ance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 16.16% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A resurgence in deal activity helped drive performance during the year, with global M&amp;A volume up nearly 50% to $4.6 trillion for 2025. Higher deal activity was underpinned by the need for scale in a world increasingly dominated by technology and the tech giants, lower financing costs and a more flexible regulatory environment.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Communication Services was the highest contributor to return by sector on an absolute basis for the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Millicom International Cellular SA, a Latin American wireless carrier, was a top contributor to performance. The company was up more than 150% during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection of small- and mid-capitalization holdings was the primary driver of returns by market capitalization during the period.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Homebuilder Lennar Corporation was the biggest detractor from absolute performance. The company was down 22.8% during the year as the housing market faced challenges.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s lower exposure to companies in the Information Technology sector was the primary detractor from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s underweight position in the Financials sector detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of already announced deals detracted from performance relative to the broader market, as it was a strong period for the market in general.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g10a40.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Mergers &amp; Acquisitions Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.65%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Long-Only Merger Arbitrage Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1290 VT GAMCO Mergers & Acquisitions Portfolio (Class K) 0.1616 0.0796 0.0565 S&P 500® Index 0.1788 0.1442 0.1482 S&P Long-Only Merger Arbitrage Index 0.0683 0.0315 0.0378 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">170,767,934 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">185 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,367,921</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">142%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 170767934 185 1367921 1.42 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">22.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Confluent, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fox Corp., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hillenbrand, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Southwest Gas Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">National Fuel Gas Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chart Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TXNM Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vulcan Materials Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Atlanta Braves Holdings, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.199 0.107 0.106 0.092 0.063 0.055 0.047 0.046 0.025 0.011 0.006 0.223 0.02 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Confluent, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fox Corp., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hillenbrand, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Southwest Gas Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">National Fuel Gas Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chart Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TXNM Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vulcan Materials Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Atlanta Braves Holdings, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.195 0.042 0.031 0.028 0.027 0.026 0.025 0.025 0.023 0.023 1290 VT GAMCO SMALL COMPANY VALUE PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT GAMCO Small Company Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">at 1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$112</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.05%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 112 0.0105 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Po<div style="display:inline;">rtf</div>olio perform last year and what aff<div style="display:inline;">ect</div>ed its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.82% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Industrials sector was the largest contributor to the Portfolio’s absolute performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Mueller Industries, Inc., a pipe and industrial component manufacturer, was the top contributor, up 46% during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings in the Communication Services and Consumer Discretionary sectors were strong contributors, primarily driven by stock selection.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Lower exposure to energy companies contributed slightly to relative returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">HERC Holdings, an equipment rental company, was the biggest detractor from absolute performance. The company was down about 20% during the year as the market digested its acquisition of H&amp;E Equipment.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in the Financials sector detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Lower exposure to companies in the Information Technology sector and a higher allocation to companies in the Consumer Staples sector also detracted from relative performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g10a43.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Small Company Value Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.24%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.77%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1290 VT GAMCO Small Company Value Portfolio (Class IB) 0.1282 0.1124 0.1077 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Value Index 0.1259 0.0888 0.0927 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3,810,087,712 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">377 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$24,780,965</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 3810087712 377 24780965 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">46.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mueller Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">GATX Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Crane Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Herc Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AMETEK, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Modine Manufacturing Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Watts Water Technologies, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Republic Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rush Enterprises, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.465 0.143 0.092 0.05 0.048 0.043 0.036 0.031 0.025 0.021 0.014 0.013 0.019 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mueller Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">GATX Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Crane Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Herc Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AMETEK, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Modine Manufacturing Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Watts Water Technologies, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Republic Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rush Enterprises, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.036 0.032 0.025 0.021 0.017 0.017 0.017 0.016 0.016 0.016 1290 VT GAMCO SMALL COMPANY VALUE PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT GAMCO Small Company Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">at 1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$85</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.80%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 85 0.008 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio <div style="display:inline;">perform </div>last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.11% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Industrials sector was the largest contributor to the Portfolio’s absolute performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Mueller Industries, Inc., a pipe and industrial component manufacturer, was the top contributor, up 46% during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings in the Communication Services and Consumer Discretionary sectors were strong contributors, primarily driven by stock selection.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Lower exposure to energy companies contributed slightly to relative returns.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">HERC Holdings, an equipment rental company, was the biggest detractor from absolute performance. The company was down about 20% during the year as the market digested its acquisition of H&amp;E Equipment.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in the Financials sector detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Lower exposure to companies in the <div style="display:inline;">Information </div>Technology sector and a higher allocation to companies in the Consumer Staples sector also detracted from relative performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g90j26.jpg" style="width:6.31944in;height:3.17386in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT GAMCO Small Company Value Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1290 VT GAMCO Small Company Value Portfolio (Class K) 0.1311 0.1152 0.1104 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Value Index 0.1259 0.0888 0.0927 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net <div style="display:inline;">Assets</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3,810,087,712 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">377 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$24,780,965</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 3810087712 377 24780965 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">46.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">14.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mueller Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">GATX Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Crane Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Herc Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AMETEK, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Modine Manufacturing Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Watts Water Technologies, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Republic Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rush Enterprises, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.465 0.143 0.092 0.05 0.048 0.043 0.036 0.031 0.025 0.021 0.014 0.013 0.019 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mueller Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">GATX Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Crane Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Herc Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AMETEK, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Modine Manufacturing Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Watts Water Technologies, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Republic Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rush Enterprises, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div> 0.036 0.032 0.025 0.021 0.017 0.017 0.017 0.016 0.016 0.016 1290 VT HIGH YIELD BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT High Yield Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$104</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.00%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 104 0.01 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.54% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Credit selection and CCC-rated assets contributed to performance relative to the Portfolio’s benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position and credit selection in the Energy sector contributed to relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Credit selection, with a focus on higher quality, within the midstream and retail sectors also contributed to relative performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to the Automotive industry was the primary detractor from relative performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in the Communication Services sector, <div style="display:inline;">particularly </div>within the Media and Entertainment industries, detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The opportunistic allocation to loans underperformed and detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g55m04.jpg" style="width:6.31944in;height:3.13376in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:69%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.54%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. High Yield Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT High Yield Bond Portfolio (Class IB) 0.0754 0.0392 0.0541 ICE BofA U.S. High Yield Index 0.0859 0.0455 0.0648 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">415,206,033 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">475 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment <div style="display:inline;">Advisory </div>Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,452,436</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">38%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 415206033 475 1452436 0.38 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:8%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">82.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Loan Participations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0 </td> <td style="white-space:nowrap;vertical-align:bottom">%# </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:42pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:12pt;vertical-align:top;text-align:left">#</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.822 0.143 0.122 0.119 0.085 0.084 0.08 0.077 0.049 0.063 0.089 0.046 0.025 0.015 0.006 0 0.056 -0.013 1290 VT HIGH YIELD BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT High Yield Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$78</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.75%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 78 0.0075 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.81% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Credit selection and CCC-rated assets contributed to performance relative to the Portfolio’s benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position and credit selection in the Energy sector contributed to relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Credit selection, with a focus on higher quality, within the midstream and retail sectors also contributed to relative performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to the Automotive industry was the primary detractor from relative performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in the Communication Services sector, particularly within the Media and Entertainment industries, detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The opportunistic allocation to loans underperformed and detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g55m05.jpg" style="width:6.31944in;height:3.13376in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:69%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT High Yield Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.69%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. High Yield Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT High Yield Bond Portfolio (Class K) 0.0781 0.042 0.0569 ICE BofA U.S. High Yield Index 0.0859 0.0455 0.0648 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, whi<div style="display:inline;">ch</div> would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">415,206,033 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">475 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,452,436</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">38%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 415206033 475 1452436 0.38 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:8%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">82.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Loan Participations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0 </td> <td style="white-space:nowrap;vertical-align:bottom">%# </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:42pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:12pt;vertical-align:top;text-align:left">#</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.822 0.143 0.122 0.119 0.085 0.084 0.08 0.077 0.049 0.063 0.089 0.046 0.025 0.015 0.006 0 0.056 -0.013 1290 VT MICRO CAP PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Micro Cap Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$124</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.15%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 124 0.0115 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 16.42<div style="display:inline;">% </div>for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Health Care, Industrials and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Cidara Therapeutics, Inc., a company that develops immunotherapies, Argan, Inc., a company that provides services to the power industry, and Willdan Group Inc., a professional consulting and technical services firm.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">In the actively managed portion of the Portfolio, security selection within the Industrials sector contributed to performance relative to the Portfolio’s benchmark index, led by an allocation to Kratos Defense &amp; Security Solutions, Inc., a software company that addresses the defense and national security markets. Security selection within the Communication Services sector also contributed, driven by an allocation to Sphere Entertainment Co., a live entertainment and media company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from the Portfolio’s absolute performance were Consumer Discretionary and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Grid Dynamics Holdings, Inc., a technology consulting and digital engineering firm, uniQure N.V., a company that develops treatments for rare diseases, and Weave Communications, Inc., a customer engagement platform.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">In the actively managed portion of the Portfolio, security selection within the Financials sector detracted, driven by an allocation to Sezzle, Inc., a fintech company <div style="display:inline;">that </div>provides point-of-sale financing options and digital payment services.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g55m01.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Micro Cap Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Microcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Micro Cap Portfolio (Class IB) 0.1642 0.0431 0.1226 Russell 3000® Index 0.1715 0.1315 0.1429 Russell Microcap® Index 0.2298 0.0732 0.0958 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">176,860,122 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,373 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,064,982</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">80%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 176860122 1373 1064982 0.80 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cogent Biosciences, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terns Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Adaptive Biotechnologies Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Celcuity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Applied Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tarsus Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Centrus Energy Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Praxis Precision Medicines, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Artivion, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terawulf, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.352 0.172 0.163 0.13 0.06 0.035 0.021 0.021 0.019 0.013 0.004 0.05 -0.04 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cogent Biosciences, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terns Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Adaptive Biotechnologies Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Celcuity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Applied Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tarsus Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Centrus Energy Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Praxis Precision Medicines, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Artivion, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terawulf, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.027 0.017 0.017 0.017 0.017 0.016 0.015 0.014 0.013 0.013 1290 VT MICRO CAP PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Micro Cap Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs <div style="display:inline;">paid </div>as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$97</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 97 0.009 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 16.61% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Health Care, Industrials and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Cidara Therapeutics, Inc., a company that develops immunotherapies, Argan, Inc., a company that provides services to the power industry, and Willdan Group Inc., a professional consulting and technical services firm.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">In the actively managed portion of the Portfolio, security selection within the Industrials sector contributed to performance relative to the Portfolio’s benchmark index, led by an allocation to Kratos Defense &amp; Security Solutions, Inc., a software company that addresses the defense and national security markets. Security selection within the Communication Services sector also contributed, driven by an allocation to Sphere Entertainment Co., a live entertainment and media company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from the Portfolio’s absolute performance were Consumer Discretionary and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Grid Dynamics Holdings, Inc., a technology consulting and digital engineering firm, uniQure N.V., a company that develops treatments for rare diseases, and Weave Communications, Inc., a customer engagement platform.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">In the actively managed portion of the Portfolio, security selection within the Financials sector detracted, driven by an allocation to Sezzle, Inc., a fintech company that provides point-of-sale financing options and digital payment services.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g55m02.jpg" style="width:6.31944in;height:3.13376in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Micro Cap Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.51%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Microcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Micro Cap Portfolio (Class K) 0.1661 0.0456 0.1251 Russell 3000® Index 0.1715 0.1315 0.1429 Russell Microcap® Index 0.2298 0.0732 0.0958 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">176,860,122 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,373 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,064,982</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio <div style="display:inline;">Turnover </div>Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">80%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 176860122 1373 1064982 0.80 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cogent Biosciences, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terns Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Adaptive Biotechnologies Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Celcuity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Applied Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tarsus Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Centrus Energy Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Praxis Precision Medicines, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Artivion, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terawulf, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.352 0.172 0.163 0.13 0.06 0.035 0.021 0.021 0.019 0.013 0.004 0.05 -0.04 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cogent Biosciences, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terns Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Adaptive Biotechnologies Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Celcuity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Applied Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tarsus Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Centrus Energy Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Praxis Precision Medicines, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Artivion, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Terawulf, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.027 0.017 0.017 0.017 0.017 0.016 0.015 0.014 0.013 0.013 1290 VT NATURAL RESOURCES PORTFOLIO CLASS IB This annual shareholder report contains <div style="display:inline;">important </div>information about the 1290 VT Natural Resources Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$103</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 103 0.009 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 28.04% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that contributed the most to performance were gold, integrated oil &amp; gas, diversified metals &amp; mining, copper and steel.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance included Newmont Corporation, a gold mining company, Barrick Mining Corp., a mining company that produces gold and copper, and Agnico Eagle Mines Limited, a Canadian-based gold producer.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exxon Mobil Corp. and Shell plc also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that detracted the <div style="display:inline;">most </div>from performance were forest products, precious metals &amp; minerals, paper products, aluminum and silver.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were EOG Resources Inc., an energy company, Occidental Petroleum, Texas Pacific Land Corp., a real estate operating company, Hess Corp., and ConocoPhillips.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g55m03.jpg" style="width:6.31944in;height:3.13376in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Natural Resources Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">28.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">21.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World Commodity Producers (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">28.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Natural Resources Portfolio (Class IB) 0.2804 0.1606 0.0942 MSCI World (Net) Index 0.2109 0.1215 0.1217 MSCI World Commodity Producers (Net) Index 0.2864 0.1661 0.0996 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">37,655,409 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">81 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total <div style="display:inline;">Investment </div>Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 37655409 81 0 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">52.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Brazil</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">South Africa</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Norway</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chile</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector &amp; Industry Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">57.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Integrated Oil &amp; Gas</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Oil &amp; Gas Exploration &amp; Production</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Coal &amp; Consumable Fuels</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">40.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Gold</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Diversified Metals &amp; Mining</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Steel</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Copper</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fertilizers &amp; Agricultural Chemicals</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Paper Products</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Aluminum</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Silver</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Forest Products</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Food, Beverage &amp; Tobacco</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Agricultural Products &amp; Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.526 0.166 0.134 0.038 0.018 0.017 0.013 0.011 0.011 0.009 0.048 0.577 0.421 0.144 0.012 0.401 0.143 0.135 0.043 0.036 0.029 0.007 0.003 0.003 0.002 0.013 0.013 0.007 0.002 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL"></div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 1290 VT NATURAL RESOURCES PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Natural Resources Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$74</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.65%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 74 0.0065 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 28.29% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that contributed the most to performance were gold, integrated oil &amp; gas, diversified metals &amp; mining, copper and steel.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance included Newmont Corporation, a gold mining company, Barrick Mining Corp., a mining company that produces gold and copper, and Agnico Eagle Mines Limited, a Canadian-based gold producer.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exxon Mobil Corp. and Shell plc also <div style="letter-spacing: 0px; top: 0px;display:inline;">contributed </div>to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that detracted the most from performance were forest products, precious metals &amp; minerals, paper products, aluminum and silver.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were EOG Resources Inc., an energy company, Occidental Petroleum, Texas Pacific <div style="letter-spacing: 0px; top: 0px;display:inline;">Land </div>Corp., a real estate operating company, Hess Corp., and ConocoPhillips.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g24m01.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Natural Resources Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">28.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.35%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">21.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World Commodity Producers (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">28.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Natural Resources Portfolio (Class K) 0.2829 0.1635 0.097 MSCI World (Net) Index 0.2109 0.1215 0.1217 MSCI World Commodity Producers (Net) Index 0.2864 0.1661 0.0996 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do <div style="letter-spacing: 0px; top: 0px;display:inline;">not </div>reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">37,655,409 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">81 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 37655409 81 0 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">52.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Brazil</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">South Africa</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Norway</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chile</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:77%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector &amp; Industry Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">57.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Integrated Oil &amp; Gas</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oil &amp; Gas Exploration &amp; Production</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Coal &amp; Consumable Fuels</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">40.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Gold</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Diversified Metals &amp; Mining</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Steel</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Copper</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fertilizers &amp; Agricultural Chemicals</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Paper Products</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Aluminum</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Silver</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Forest Products</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Food, Beverage &amp; Tobacco</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Agricultural Products &amp; Services</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.526 0.166 0.134 0.038 0.018 0.017 0.013 0.011 0.011 0.009 0.048 0.577 0.421 0.144 0.012 0.401 0.143 0.135 0.043 0.036 0.029 0.007 0.003 0.003 0.002 0.013 0.013 0.007 0.002 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the Portfolio </div><div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the <div style="letter-spacing: 0px; top: 0px;display:inline;">Portfolio’s </div>current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the <div style="letter-spacing: 0px; top: 0px;display:inline;">Portfolio’s </div>current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 1290 VT REAL ESTATE PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Real Estate Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$94</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 94 0.009 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 9.67% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that contributed the most to performance were healthcare REITs, diversified real estate activities, retail REITs, industrial REITs and diversified REITs.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance included Welltower Inc., a REIT that invests in healthcare infrastructure, Prologis Inc., a REIT that invests in logistics facilities, and Ventas, Inc., a REIT specializing in research, medicine and healthcare facilities.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Mitsubishi Estate Co., Ltd. and Mitsui Fudosan Co. Ltd., real estate developers in Japan, also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that detracted the most from performance were data center REITs, multi-family residential REITs, self-storage REITs, other specialized REITs, and single-family residential REITs.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted <div style="display:inline;">the </div>most from performance were Equinix, Inc., a digital infrastructure company, Alexandria Real Estate Equities, Inc., Digital Realty Trust, Iron Mountain, an information management services company, and AvalonBay Communities, Inc.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g24m02.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/<div style="display:inline;">31</div>/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Real Estate Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.69%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.28%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">21.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">FTSE EPRA/NAREIT Developed Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Real Estate Portfolio (Class IB) 0.0967 0.0269 0.0328 MSCI World (Net) Index 0.2109 0.1215 0.1217 FTSE EPRA/NAREIT Developed Index 0.107 0.0378 0.0425 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">38,582,672 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">363 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,314</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 38582672 363 3314 0.12 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Industry Group and Sub-Industry Weightings (as a<br/>% of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">98.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Retail REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrial REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Multi-Family Residential REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Real Estate Operating Companies</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">38.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hotels, Resorts &amp; Cruise Lines</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care Facilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Internet Services &amp; Infrastructure</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:67pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:12pt;vertical-align:top;text-align:left"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Welltower, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equinix, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Simon Property Group, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Digital Realty Trust, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Realty Income Corp. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Goodman Group (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Public Storage (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ventas, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">VICI Properties, Inc. (REIT), Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.98 0.16 0.152 0.13 0.075 0.074 0.389 0 0 0.002 0.002 0.003 0.003 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Welltower, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equinix, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Simon Property Group, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Digital Realty Trust, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Realty Income Corp. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Goodman Group (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Public Storage (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ventas, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">VICI Properties, Inc. (REIT), Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.068 0.063 0.04 0.032 0.028 0.027 0.022 0.022 0.019 0.016 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 1290 VT REAL ESTATE PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Real Estate Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$68</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.65%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 68 0.0065 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 9.87% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that contributed the most to performance were healthcare REITs, diversified real estate activities, retail REITs, industrial REITs and diversified REITs.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance included Welltower Inc., a REIT that invests in healthcare infrastructure, Prologis Inc., a REIT that invests in logistics facilities, and Ventas, Inc., a REIT specializing in research, medicine and healthcare facilities.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Mitsubishi Estate Co., Ltd. and Mitsui Fudosan Co. Ltd., real estate developers in Japan, also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sub-industries that detracted the most from performance were data center REITs, multi-family residential REITs, self-storage REITs, other specialized REITs, and single-family residential REITs.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Equinix, Inc., a digital infrastructure company, Alexandria Real Estate Equities, Inc., Digital Realty Trust, Iron Mountain, an information management services company, and AvalonBay Communities, Inc.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g00z70.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Real Estate Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.87%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.94%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">21.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">FTSE EPRA/NAREIT Developed Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.78%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Real Estate Portfolio (Class K) 0.0987 0.0294 0.0352 MSCI World (Net) Index 0.2109 0.1215 0.1217 FTSE EPRA/NAREIT Developed Index 0.107 0.0378 0.0425 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">38,582,672 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">363 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,314</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 38582672 363 3314 0.12 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Industry Group and <div style="display:inline;">S</div>ub-Industry Weightings (as a<br/>% of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">98.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Retail REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrial REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Multi-Family Residential REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Data Center REITs</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">38.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Hotels, Resorts &amp; Cruise Lines</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care Facilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Internet services and infrastructure</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:7.5pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Welltower, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equinix, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Simon Property Group, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Digital Realty Trust, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Realty Income Corp. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Goodman Group (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Public Storage (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ventas, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">VICI Properties, Inc. (REIT), Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.98 0.16 0.152 0.13 0.075 0.074 0.389 0 0 0.002 0.002 0.003 0.003 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Welltower, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Prologis, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equinix, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Simon Property Group, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Digital Realty Trust, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Realty Income Corp. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Goodman Group (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Public Storage (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ventas, Inc. (REIT)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">VICI Properties, Inc. (REIT), Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.068 0.063 0.04 0.032 0.028 0.027 0.022 0.022 0.019 0.016 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes t<div style="display:inline;">o </div>the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 1290 VT SMALL CAP VALUE PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Small Cap Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$119</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.15%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 119 0.0115 <div style="margin-top:2pt; margin-bottom:0pt; margin-left:0.42em; margin-right:0.42em; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size:6pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:0.50em; margin-right:0.50em; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 6.11% for the year ended December 31, 2025.</div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:0.42em; margin-right:0.42em; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year?</div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Materials, Industrials and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Sandstorm Gold Ltd., a Canadian gold royalty and streaming company primarily focused on gold, was the top contributor to the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">AutoNation, Inc., one of the largest automotive retailers in the U.S., was also a top contributor.</div></div></div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:0.42em; margin-right:0.42em; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year?</div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Energy, Real Estate, and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Texas Pacific Land Corporation, an energy royalty company with significant surface land ownership in the Permian Basin of West Texas, was the largest detractor from the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">LandBridge Company LLC, a company that owns and actively manages large surface acreage across Texas and New Mexico, also detracted.</div></div></div> <img alt="LOGO" src="g897067g00z73.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">1290 VT Small Cap Value Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Small Cap Value Portfolio (Class IB) 0.0611 0.1344 0.1119 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Value Index 0.1259 0.0888 0.0927 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">399,619,778 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,455 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,817,547</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 399619778 1455 2817547 0.20 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Texas Pacific Land Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AutoNation, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hawaiian Electric Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oshkosh Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mesabi Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CACI International, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Interparfums, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.164 0.155 0.146 0.144 0.096 0.056 0.053 0.045 0.039 0.033 0.023 0.045 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Texas Pacific Land Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AutoNation, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hawaiian Electric Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oshkosh Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mesabi Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CACI International, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Interparfums, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.088 0.048 0.037 0.036 0.032 0.024 0.017 0.017 0.016 0.015 1290 VT SMALL CAP VALUE PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT Small Cap Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$93</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 93 0.009 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 6.37% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Materials, Industrials and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Sandstorm Gold Ltd., a Canadian gold royalty and streaming company primarily focused on gold, was the top contributor to the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">AutoNation, Inc., one of the largest automotive retailers in the U.S., was also a top contributor.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Energy, Real Estate, and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Texas Pacific Land Corporation, an energy royalty company with significant surface land ownership in the Permian Basin of West Texas, was the largest detractor from the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">LandBridge Company LLC, a company that owns and actively manages large surface acreage across Texas and New Mexico, also detracted.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g00z76.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Small Cap Value Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.27%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT Small Cap Value Portfolio (Class K) 0.0637 0.1374 0.1147 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Value Index 0.1259 0.0888 0.0927 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"><div style="display:inline;">Portfolio </div>Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">399,619,778 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,455 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,817,547</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 399619778 1455 2817547 0.20 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Texas Pacific Land Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AutoNation, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hawaiian Electric Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oshkosh Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mesabi Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CACI International, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Interparfums, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.164 0.155 0.146 0.144 0.096 0.056 0.053 0.045 0.039 0.033 0.023 0.045 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Texas Pacific Land Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AutoNation, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Penske Automotive Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Hawaiian Electric Industries, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oshkosh Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mesabi Trust</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CACI International, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Interparfums, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.088 0.048 0.037 0.036 0.032 0.024 0.017 0.017 0.016 0.015 1290 VT SMARTBETA EQUITY ESG PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT SmartBeta Equity ESG Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$118</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> 118 0.011 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last <div style="letter-spacing: 0px; top: 0px;display:inline;">year </div>and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.95% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Financials, Information Technology, and Communication Services.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Alphabet Inc., NVIDIA Corporation, and Microsoft Corp.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">When U.S. tariffs went into effect in April, resulting in increased market volatility, the Portfolio’s allocation to low volatility companies contributed to performance.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sector that detracted the most from the Portfolio’s absolute performance was Real Estate.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A small cash position also detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, and Accenture plc, a professional services company.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> <img alt="LOGO" src="g897067g00z79.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT SmartBeta Equity ESG Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">21.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> 1290 VT SmartBeta Equity ESG Portfolio (Class IB) 0.1395 0.1021 0.1074 MSCI World (Net) Index 0.2109 0.1215 0.1217 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">376,497,142 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">279 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,565,476</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">29%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 376497142 279 2565476 0.29 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Royal Bank of Canada</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Costco Wholesale Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.22 0.203 0.14 0.107 0.084 0.083 0.076 0.036 0.024 0.012 0.01 0.002 0.003 <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Royal Bank of Canada</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Costco Wholesale Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.047 0.044 0.041 0.039 0.018 0.014 0.014 0.012 0.011 0.011 1290 VT SMARTBETA EQUITY ESG PORTFOLIO CLASS K This annual shareholder report contains important information about the 1290 VT SmartBeta Equity ESG Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$91</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.85%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 91 0.0085 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 14.31% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Financials, Information Technology, and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Alphabet Inc., NVIDIA Corporation, and Microsoft Corp.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">When U.S. tariffs went into effect in April, resulting in increased market volatility, the Portfolio’s allocation to low volatility companies contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sector that detracted the most from the Portfolio’s absolute performance was Real Estate.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A small cash position also detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, and Accenture plc, a professional services company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00z82.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT SmartBeta Equity ESG Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.49%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">21.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> 1290 VT SmartBeta Equity ESG Portfolio (Class K) 0.1431 0.1049 0.1101 MSCI World (Net) Index 0.2109 0.1215 0.1217 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">376,497,142 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">279 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,565,476</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">29%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 376497142 279 2565476 0.29 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Royal Bank of Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Costco Wholesale Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.22 0.203 0.14 0.107 0.084 0.083 0.076 0.036 0.024 0.012 0.01 0.002 0.003 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Royal Bank of Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Costco Wholesale Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.047 0.044 0.041 0.039 0.018 0.014 0.014 0.012 0.011 0.011 1290 VT SOCIALLY RESPONSIBLE PORTFOLIO CLASS IB This annual shareholder report contains important information about the 1290 VT Socially Responsible Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="letter-spacing: 0px; top: 0px;display:inline;">This report describes changes to the Portfolio that occurred during the reporting period</div>. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$98</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> 98 0.009 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 17.23% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Communications Services sector contributed the most to performance, with a return of 57.08% for the year.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Information Technology and Utilities sectors also contributed, with returns of 22.19% and 14.35%, respectively.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">NVIDIA Corporation was the top contributor to performance.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Consumer Staples sector detracted from performance, with a negative return of -5.14%.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Consumer Discretionary and Real Estate sectors lagged, with returns of 4.25% and 7.36%, respectively.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Salesforce, Inc., a cloud-based software company, was the biggest detractor from performance.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> <img alt="LOGO" src="g897067g18a01.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">1290 VT Socially Responsible Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.23%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI KLD 400 Social Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.23%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> 1290 VT Socially Responsible Portfolio (Class IB) 0.1723 0.1304 0.1383 Russell 1000® Index 0.1737 0.1359 0.1459 MSCI KLD 400 Social Index 0.1823 0.1406 0.1489 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">279,499,489 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">396 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,323,062</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 279499489 396 1323062 0.02 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer <div style="letter-spacing: 0px; top: 0px;display:inline;">Staples</div></div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"># </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Advanced Micro Devices, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Home Depot, Inc. (The)</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.394 0.123 0.119 0.091 0.081 0.078 0.043 0.025 0.024 0.012 0.009 0 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Advanced Micro Devices, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Home Depot, Inc. (The)</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.143 0.108 0.057 0.048 0.04 0.019 0.015 0.013 0.011 0.011 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div> <div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div> <div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL"><div style="letter-spacing: 0px; top: 0px;display:inline;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div></div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds 1-877-222-2144 ATM LARGE CAP MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the ATM Large Cap Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$63</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.59%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 63 0.0059 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 12.15% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Alphabet Inc., NVIDIA Corp., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Real Estate and Materials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, and ServiceNow, Inc., a cloud computing platform.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g18a02.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ATM Large Cap Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.25%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> ATM Large Cap Managed Volatility Portfolio (Class K) 0.1215 0.1225 0.1309 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,739,417,842 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">507 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$12,124,483</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 2739417842 507 12124483 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term <div style="display:inline;">Investments</div></div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.31 0.121 0.094 0.093 0.087 0.074 0.043 0.025 0.02 0.017 0.016 0.03 0.07 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.07 0.062 0.055 0.035 0.03 0.027 0.025 0.022 0.021 0.02 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since <div style="display:inline;">January 1, 2025</div>. </div><div style="margin-top:2pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since <div style="display:inline;">January 1, 2025</div>. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 ATM MID CAP MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the ATM Mid Cap Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$61</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.60%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 61 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 2.17% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Industrials, Information Technology, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Ciena Corporation, a networking systems, services and software company, Lumentum Holdings Inc., a manufacturer of optical and photonic products, Comfort Systems USA, Inc., a mechanical and electrical contracting services company, and Coherent Corp., a manufacturer of optical materials and semiconductors.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Consumer Discretionary and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Sarepta Therapeutics, a biopharmaceutical company, Avantor, Inc., a provider of products and services to the biopharmaceutical industry, and Nutanix, Inc., an infrastructure platform provider.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g18a03.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ATM Mid Cap Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.84%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P MidCap 400<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> ATM Mid Cap Managed Volatility Portfolio (Class K) 0.0217 0.0684 0.0919 Russell 1000® Index 0.1737 0.1359 0.1459 S&P MidCap 400® Index 0.075 0.0912 0.1072 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">295,570,285 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">406 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,191,176</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">18%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 295570285 406 1191176 0.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Fund</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.213 0.15 0.127 0.104 0.08 0.058 0.049 0.039 0.036 0.03 0.018 0.002 0.062 0.032 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 ATM SMALL CAP MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the ATM Small Cap Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$63</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.60%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 63 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 8.54% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Health Care, Industrials, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Bloom Energy Corp., a manufacturer of power generators, EchoStar Corporation, a telecommunications company, and Credo Technology Group Holding Ltd.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Consumer Staples, Energy, and Consumer Discretionary.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Vaxcyte, Inc., a vaccine company, SPS Commerce Inc., a provider of a cloud-based retail network, Six Flags Entertainment, SoundHound AI, a voice AI company, and Sweetgreen, a restaurant chain.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g18a04.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total <div style="letter-spacing: 0px; top: 0px;display:inline;">Returns </div>as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ATM Small Cap Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> 8.54%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> 4.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> 8.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> 6.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> 9.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> ATM Small Cap Managed Volatility Portfolio (Class K) 0.0854 0.0444 0.0838 0.1715 0.1315 0.1429 0.1281 0.0609 0.0962 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">971,660,838 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,973 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,165,480</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 971660838 1973 4165480 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.169 0.16 0.157 0.133 0.081 0.051 0.043 0.04 0.027 0.025 0.017 0.069 0.028 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 ATM INTERNATIONAL MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the ATM International Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">This</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">report</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">describes</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">changes</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">to</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">the</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">that</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">occurred</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">during</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">the</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">reporting</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">period.</div></div> <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$72</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.64%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 72 0.0064 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 24.26% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Financials and Industrials.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were ASML Holding NV, a leading supplier of photolithography systems, HSBC Holdings PLC, Banco Santander SA, and Roche Holding AG, a Swiss healthcare company.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to absolute performance were Real Estate and Energy.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stock that detracted the most from performance was Novo Nordisk A/S, a Danish pharmaceutical company.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Other detractors included CSL, a supplier of construction products, Recruit Holdings Co., Ltd., an HR technology company, Diageo plc, a British alcoholic beverage company, and Wolters Kluwer, N.V., a company that provides information, software, and services for professionals.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> <img alt="LOGO" src="g897067g18a05.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ATM International Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">24.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.93%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> ATM International Managed Volatility Portfolio (Class K) 0.2426 0.0722 0.0693 MSCI EAFE® Index 0.3122 0.0892 0.0818 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,227,141,618 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">706 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$5,341,289</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 1227141618 706 5341289 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Switzerland</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.198 0.102 0.087 0.085 0.082 0.063 0.045 0.04 0.034 0.03 0.131 0.227 0.172 0.102 0.088 0.075 0.066 0.05 0.039 0.033 0.028 0.017 0.012 0.091 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Material Changes to the Portfolio</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since <div style="letter-spacing: 0px; top: 0px;display:inline;">January 1, 2025</div>.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144.</div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> The following is a summary of certain changes to the Portfolio since <div style="letter-spacing: 0px; top: 0px;display:inline;">January 1, 2025</div>. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/500 MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/500 Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$85</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.80%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 85 0.008 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.33% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Alphabet Inc., NVIDIA Corp., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Real Estate and Materials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, and ServiceNow, Inc., a cloud computing platform.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g31a33.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/500 Managed Volatility Portfolio (Class IB) 0.1333 0.1243 0.1315 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">8,154,761,500 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">506 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$32,957,572</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 8154761500 506 32957572 0.02 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.311 0.121 0.096 0.094 0.087 0.074 0.043 0.025 0.02 0.017 0.016 0.032 0.064 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.07 0.062 0.056 0.035 0.032 0.028 0.025 0.023 0.022 0.02 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/500 MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/500 Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$58</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.55%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 58 0.0055 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.62% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Alphabet Inc., NVIDIA Corp., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Real Estate and Materials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, and ServiceNow, Inc., a cloud computing platform.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g95s04.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/500 Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/500 Managed Volatility Portfolio (Class K) 0.1362 0.127 0.1343 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">8,154,761,500 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">506 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$32,957,572</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 8154761500 506 32957572 0.02 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.311 0.121 0.096 0.094 0.087 0.074 0.043 0.025 0.02 0.017 0.016 0.032 0.064 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.07 0.062 0.056 0.035 0.032 0.028 0.025 0.023 0.022 0.02 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; font-size:12pt; font-family:ARIAL;font-weight:bold">  Material Changes to the <div style="display:inline;">Portfolio</div> </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/400 MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/400 Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$86</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.85%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 86 0.0085 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 3.31% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Industrials, Information Technology, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Ciena Corporation, a networking systems, services and software company, Lumentum Holdings Inc., a manufacturer of optical and photonic products, Comfort Systems USA, Inc., a mechanical and electrical contracting services company, and Coherent Corp., a manufacturer of optical materials and semiconductors.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Consumer Discretionary and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Sarepta Therapeutics, a biopharmaceutical company, Avantor, Inc., a provider of products and services to the biopharmaceutical industry, Nutanix, Inc., an infrastructure platform provider, and BellRing Brands, Inc., a nutrition products company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g15w70.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P MidCap 400<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/400 Managed Volatility Portfolio (Class IB) 0.0331 0.0706 0.0921 Russell 1000® Index 0.1737 0.1359 0.1459 S&P MidCap 400® Index 0.075 0.0912 0.1072 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">770,172,392 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">403 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,454,371</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 770172392 403 3454371 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.214 0.151 0.127 0.105 0.08 0.058 0.049 0.039 0.036 0.03 0.018 0.045 0.048 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/400 MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/400 Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$61</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.60%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 61 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 3.55% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Industrials, Information Technology, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Ciena Corporation, a networking systems, services and software company, Lumentum Holdings Inc., a manufacturer of optical and photonic products, Comfort Systems USA, Inc., a mechanical and electrical contracting services company, and Coherent Corp., a manufacturer of optical materials and semiconductors.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Consumer Discretionary and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Sarepta Therapeutics, a biopharmaceutical company, Avantor, Inc., a provider of products and services to the biopharmaceutical industry, Nutanix, Inc., an infrastructure platform provider, and BellRing Brands, Inc., a nutrition products company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g82q22.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/400 Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P MidCap 400<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/400 Managed Volatility Portfolio (Class K) 0.0355 0.0733 0.0948 Russell 1000® Index 0.1737 0.1359 0.1459 S&P MidCap 400® Index 0.075 0.0912 0.1072 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">770,172,392 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">403 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,454,371</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 770172392 403 3454371 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.214 0.151 0.127 0.105 0.08 0.058 0.049 0.039 0.036 0.03 0.018 0.045 0.048 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since <div style="display:inline;">January 1, 2025</div>. </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL"><div style="display:inline;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees.</div> For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since <div style="display:inline;">January 1, 2025</div>. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/2000 MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/2000 Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$88</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.84%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 88 0.0084 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 9.32% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Health Care, Industrials, and Financials.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Bloom Energy Corp., a manufacturer of power generators, EchoStar Corporation, a telecommunications company, Credo Technology Group Holding Ltd., Hecla Mining Co., and manufacturer Fabrinet.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sector that detracted from absolute performance was Consumer Staples.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from absolute performance were Vaxcyte, Inc., a vaccine company, SPS Commerce Inc., a provider of a cloud-based retail network, Six Flags Entertainment Corporation, and SoundHound AI, a voice AI company.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g15k54.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/2000 Managed Volatility Portfolio (Class IB) 0.0932 0.044 0.0833 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Index 0.1281 0.0609 0.0962 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3,474,354,287 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,968 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$14,773,197</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 3474354287 1968 14773197 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.169 0.16 0.157 0.133 0.081 0.051 0.044 0.04 0.027 0.025 0.017 0.068 0.028 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div> <div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/2000 MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/2000 Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">https://equitable-funds.com.</div> You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">This</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">report</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">describes</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">changes</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">to</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">the</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">that</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">occurred</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">during</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">the</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">reporting</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">period.</div></div> <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="padding-left: 8pt; height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 2pt; padding-left: 8pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">Share Class</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; padding-right: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="padding-left: 8pt; height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 2pt; padding-left: 8pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">Class K</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">$62</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; padding-right: 2pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">0.59%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 62 0.0059 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 9.60% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Health Care, Industrials, and Financials.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Bloom Energy Corp., a manufacturer of power generators, EchoStar Corporation, a telecommunications company, Credo Technology Group Holding Ltd., Hecla Mining Co., and manufacturer Fabrinet.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sector that detracted from absolute performance was Consumer Staples.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from absolute performance were Vaxcyte, Inc., a vaccine company, SPS Commerce Inc., a provider of a cloud-based retail network, Six Flags Entertainment Corporation, and SoundHound AI, a voice AI company.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g08v45.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: middle; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td colspan="4" style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td colspan="4" style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td colspan="4" style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/2000 Managed Volatility Portfolio (Class K)</div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.60%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.67%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.60%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.81%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.09%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.62%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/2000 Managed Volatility Portfolio (Class K) 0.096 0.0467 0.086 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Index 0.1281 0.0609 0.0962 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">$</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">3,474,354,287 </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">1,968 </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">$14,773,197</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">14%</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 3474354287 1968 14773197 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> <br/></div> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"><br/></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"><br/></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"><br/></div> </div> 0.169 0.16 0.157 0.133 0.081 0.051 0.044 0.04 0.027 0.025 0.017 0.068 0.028 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div> <div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div> <div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/INTERNATIONAL MANAGED VOLATILITY PORTFOLIO CLASS IB This <div style="display:inline;">annual shareholder report </div>contains important information about the EQ/International Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$98</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.86%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 98 0.0086 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 25.90% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Financials, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were ASML Holdings NV, a leading supplier of photolithography systems, HSBC Holdings PLC, Banco Santander SA, and Roche Holding AG, a Swiss healthcare company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to absolute performance were Real Estate and Energy.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stock that detracted the most from performance was Novo Nordisk A/S, a Danish pharmaceutical company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g21r45.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">25.90%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.28%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/International Managed Volatility Portfolio (Class IB) 0.259 0.0728 0.0692 MSCI EAFE® Index 0.3122 0.0892 0.0818 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,937,353,283 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">707 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,437,381</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1937353283 707 8437381 0.04 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Switzerland</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.199 0.102 0.087 0.085 0.082 0.063 0.045 0.041 0.034 0.03 0.131 0.228 0.173 0.102 0.088 0.075 0.066 0.05 0.039 0.033 0.028 0.017 0.011 0.09 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/INTERNATIONAL MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/International Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$70</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.61%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 70 0.0061 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 26.18% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Financials, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were ASML Holdings NV, a leading supplier of photolithography systems, HSBC Holdings PLC, Banco Santander SA, and Roche Holding AG, a Swiss healthcare company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to absolute performance were Real Estate and Energy.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stock that detracted the most from performance was Novo Nordisk A/S, a Danish pharmaceutical company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g47e63.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">26.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/International Managed Volatility Portfolio (Class K) 0.2618 0.0756 0.0719 MSCI EAFE® Index 0.3122 0.0892 0.0818 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 1pt; margin-left: 1.4em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,937,353,283 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">707 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,437,381</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1937353283 707 8437381 0.04 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Switzerland</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:60pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.199 0.102 0.087 0.085 0.082 0.063 0.045 0.041 0.034 0.03 0.131 0.228 0.173 0.102 0.088 0.075 0.066 0.05 0.039 0.033 0.028 0.017 0.011 0.09 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to lower the asset levels required to reach a certain breakpoint in, and to add a new breakpoint to, the contractual advisory fee rate schedule for the Portfolio. These changes are intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/AB DYNAMIC AGGRESSIVE GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/AB Dynamic Aggressive Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$121</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.12%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 121 0.0112 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 16.06% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight allocation to international large-cap equities contributed to the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight allocation to U.S. large-cap equities also contributed to absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Security selection within the international equity asset class contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Tactical currency tilts detracted from the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight allocation to U.S. bonds also detracted from absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Adjustments to equity exposure to address market volatility detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g24m03.jpg" style="width:6.31943in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: justify; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Inception</div></div>*</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Dynamic Aggressive Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.69%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.23%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.60%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Dynamic Aggressive Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.94%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: November 13, 2017 </div></td></tr></table> EQ/AB Dynamic Aggressive Growth Portfolio (Class IB) 0.1606 0.0869 0.0723 S&P 500® Index 0.1788 0.1442 0.146 EQ/AB Dynamic Aggressive Growth Index 0.1794 0.0981 0.0998 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0188 2017-11-13 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,023,396,607 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,303 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,183,326</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">6%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1023396607 1303 6183326 0.06 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:7%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>57.6</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>13.7</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>4.4</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>23.4</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>0.9</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>% </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.576 0.148 0.10 0.068 0.059 0.059 0.049 0.032 0.018 0.017 0.016 0.01 0.137 0.044 0.234 0.009 EQ/AB DYNAMIC GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/AB Dynamic Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$122</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.14%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 122 0.0114 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 14.89% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight allocation to international large-cap equities contributed to the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight allocation to U.S. large-cap equities also contributed to absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Security selection within the international equity asset class contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Tactical currency tilts detracted from the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight allocation to U.S. bonds also detracted from absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Adjustments to equity exposure to address market volatility detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g24m04.jpg" style="width:6.31943in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Dynamic Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.60%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Dynamic Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.73%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.35%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/AB Dynamic Growth Portfolio (Class IB) 0.1489 0.076 0.0695 S&P 500® Index 0.1788 0.1442 0.1482 EQ/AB Dynamic Growth Index 0.1655 0.0873 0.0935 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,030,879,353 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,307 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$7,019,663</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">10%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1030879353 1307 7019663 0.10 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">67.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">25.7%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div> 0.675 0.176 0.116 0.079 0.069 0.069 0.058 0.038 0.02 0.02 0.018 0.012 0.257 0.039 0.018 0.003 0.008 EQ/AB DYNAMIC MODERATE GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/AB Dynamic Moderate Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$121</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.13%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 121 0.0113 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 13.46% for the year ended December 31, 2025.</div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight allocation to international large-cap equities contributed to the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight allocation to U.S. large-cap equities also contributed to absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Security selection within the international equity asset class contributed to performance.</div></div></div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Tactical currency tilts detracted from the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight allocation to U.S. bonds also detracted from absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Adjustments to equity exposure to address market volatility detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> <img alt="LOGO" src="g897067g24m05.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Dynamic Moderate Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.46%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Dynamic Moderate Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/AB Dynamic Moderate Growth Portfolio (Class IB) 0.1346 0.0631 0.0612 S&P 500® Index 0.1788 0.1442 0.1482 EQ/AB Dynamic Moderate Growth Index 0.15 0.0752 0.0826 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,536,712,103 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,307 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$11,071,233</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">11%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1536712103 1307 11071233 0.11 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">55.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">37.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.55 0.139 0.097 0.067 0.056 0.056 0.046 0.031 0.017 0.016 0.015 0.01 0.377 0.04 0.025 0.019 -0.011 EQ/AB SHORT DURATION GOVERNMENT BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/AB Short Duration Government Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$78</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.77%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 78 0.0077 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 4.17% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a duration perspective, the Portfolio’s overweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">one-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">two-year,</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">two-</div> to three-year, and three- to four-year parts of the curve contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, the Portfolio’s exposure to commercial mortgage-backed securities, investment grade corporate bonds, and agency securities contributed.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a duration perspective, the Portfolio’s underweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">less-than-one-year</div></div> part of the curve was the only significant detractor from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, the Portfolio’s exposure to asset-backed securities was the only significant detractor.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g18a06.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA 1-Year U.S. Treasury Note Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/AB Short Duration Government Bond Portfolio (Class IB) 0.0417 0.0211 0.0156 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 ICE BofA 1-Year U.S. Treasury Note Index 0.0438 0.0259 0.0209 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">859,836,130 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">260 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,519,441</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">35%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 859836130 260 3519441 0.35 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Government Agency Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Treasury Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Corporate Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Asset-Backed Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Collateralized Mortgage Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Commercial Mortgage-Backed Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Mortgage-Backed Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Municipal Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 0.351 0.155 0.097 0.045 0.036 0.005 0.004 0.001 0.288 0.018 EQ/AB SHORT DURATION GOVERNMENT BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/AB Short Duration Government Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$53</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.52%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 53 0.0052 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 4.40% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a duration perspective, the Portfolio’s overweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">one-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">two-year,</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">two-</div> to three-year, and three- to four-year parts of the curve contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, the Portfolio’s exposure to commercial mortgage-backed securities, investment grade corporate bonds, and agency securities contributed.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a duration perspective, the Portfolio’s underweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">less-than-one-year</div></div> part of the curve was the only significant detractor from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, the Portfolio’s exposure to asset-backed securities was the only significant detractor.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g18a07.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Short Duration Government Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-Year</div> U.S. Treasury Note Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.38%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> EQ/AB Short Duration Government Bond Portfolio (Class K) 0.044 0.0236 0.018 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 ICE BofA 1-Year U.S. Treasury Note Index 0.0438 0.0259 0.0209 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">859,836,130 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">260 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,519,441</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">35%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 859836130 260 3519441 0.35 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Government Agency Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Treasury Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Corporate Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Asset-Backed Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Collateralized Mortgage Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Commercial Mortgage-Backed Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Mortgage-Backed Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Municipal Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.351 0.155 0.097 0.045 0.036 0.005 0.004 0.001 0.288 0.018 EQ/AB SMALL CAP GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/AB Small Cap Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$96</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.92%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 96 0.0092 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 9.21% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Health Care, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology, Health Care and Communication Services sectors contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Top contributors included Comfort Systems USA, Inc., a mechanical and electrical contracting services company, Credo Technology Group Holding Ltd., Celestica Inc., an electronics manufacturing services provider, Insmed, Inc., a biopharmaceutical company, and Bridgebio Pharma, Inc.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sectors that detracted from the Portfolio’s absolute performance were Consumer Discretionary and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection within the Consumer Discretionary, Financials and Industrials sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Individual detractors included <div style="display:inline;">PROCEPT </div>BioRobotics Corp., retailer RH (formerly, Restoration Hardware), Vaxcyte, Inc., a vaccine company, and Saia, Inc., a transportation and logistics company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g18a08.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.10%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> EQ/AB Small Cap Growth Portfolio (Class IB) 0.0921 0.0343 0.101 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Growth Index 0.1301 0.0318 0.0957 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,974,829,403 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,978 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,744,994</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">54%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1974829403 1978 9744994 0.54 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.204 0.203 0.19 0.139 0.097 0.036 0.029 0.029 0.023 0.021 0.016 0.026 -0.013 EQ/AB SMALL CAP GROWTH PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/AB Small Cap Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$70</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.67%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 70 0.0067 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 9.52% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Health Care, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology, Health Care and Communication Services sectors contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Top contributors included Comfort Systems USA, Inc., a mechanical and electrical contracting services company, Credo Technology Group Holding Ltd., Celestica Inc., an electronics manufacturing services provider, Insmed, Inc., a biopharmaceutical company, and Bridgebio Pharma, Inc.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sectors that detracted from the Portfolio’s absolute performance were Consumer Discretionary and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection within the Consumer Discretionary, Financials and Industrials sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Individual detractors included PROCEPT BioRobotics Corp., retailer RH (formerly, Restoration Hardware), Vaxcyte, Inc., a vaccine company, and Saia, Inc., a transportation and logistics company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g18a09.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Small Cap Growth Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.69%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/AB Small Cap Growth Portfolio (Class K) 0.0952 0.0369 0.1037 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Growth Index 0.1301 0.0318 0.0957 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,974,829,403 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,978 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,744,994</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">54%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1974829403 1978 9744994 0.54 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.204 0.203 0.19 0.139 0.097 0.036 0.029 0.029 0.023 0.021 0.016 0.026 -0.013 EQ/AB SUSTAINABLE U.S. THEMATIC PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/AB Sustainable U.S. Thematic Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$103</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.00%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> 103 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 5.37% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Underweight allocations to the Consumer Discretionary and Consumer Staples sectors, along with an overweight allocation to the Technology sector, contributed to the Portfolio’s performance relative to its benchmark index.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Consumer Discretionary and Utilities sectors contributed to relative performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investments in Flex Ltd., a global manufacturing company, and TE Connectivity plc, a technology company, contributed to relative performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in Apple Inc. contributed to the Portfolio’s performance relative to its benchmark index.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight allocation to the Communication Services sector and an overweight allocation to the Health Care and Utilities sectors, detracted from the Portfolio’s performance relative to its benchmark index.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection within the Health Care, Financials, and Technology sectors detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investments in Jefferies Financial Group Inc., an investment bank and financial services firm, Salesforce, Inc., a cloud-based software company, and Fiserv, Inc., a financial technology company, detracted from performance.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00z45.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:77%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Sustainable U.S. Thematic Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 15, 2022 </div> </td> </tr> </table> EQ/AB Sustainable U.S. Thematic Portfolio (Class IB) 0.0537 0.0488 S&P 500® Index 0.1788 0.133 2022-02-15 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12,216,199 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">39 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">70%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 12216199 39 0 0.70 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Veralto Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rockwell Automation, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TE Connectivity plc</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.417 0.189 0.144 0.119 0.028 0.021 0.017 0.014 0.029 0.022 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Veralto Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rockwell Automation, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TE Connectivity plc</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.061 0.051 0.045 0.039 0.038 0.035 0.035 0.034 0.033 0.031 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin:0 auto;background-color:#f0f0f0"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Material Changes to the Portfolio</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025. For more complete information, you may review the Portfolio’s current prospectus, dated May 1, 2025, as supplemented December 3, 2025, at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">At a meeting held on December <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-2,<div style="display:inline;"> </div></div>2025, the Board of Trustees of EQ Advisors Trust approved the liquidation and termination of the Portfolio, effective on or before April 30, 2026.</div> <div style="font-size: 1pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> The following is a summary of certain changes to the Portfolio since January 1, 2025. For more complete information, you may review the Portfolio’s current prospectus, dated May 1, 2025, as supplemented December 3, 2025, at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 2026-04-30 EQ/AB SUSTAINABLE U.S. THEMATIC PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/AB Sustainable U.S. Thematic Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$77</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.75%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 77 0.0075 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 5.62% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Underweight allocations to the Consumer Discretionary and Consumer Staples sectors, along with an overweight allocation to the Technology sector, contributed to the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Consumer Discretionary and Utilities sectors contributed to relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investments in Flex Ltd., a global manufacturing company, and TE Connectivity plc, a technology company, contributed to relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in Apple Inc. contributed to the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight allocation to the Communication Services sector and an overweight allocation to the Health Care and Utilities sectors, detracted from the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection within the Health Care, Financials, and Technology sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investments in Jefferies Financial Group Inc., an investment bank and financial services firm, Salesforce, Inc., a cloud-based software company, and Fiserv, Inc., a financial technology company, detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z48.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:77%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/AB Sustainable U.S. Thematic Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.13%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 15, 2022 </div></td></tr></table> EQ/AB Sustainable U.S. Thematic Portfolio (Class K) 0.0562 0.0513 S&P 500® Index 0.1788 0.133 2022-02-15 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12,216,199 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">39 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid (net of waiver)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$0</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">70%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 12216199 39 0 0.70 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Veralto Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rockwell Automation, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TE Connectivity plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.417 0.189 0.144 0.119 0.028 0.021 0.017 0.014 0.029 0.022 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Veralto Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Rockwell Automation, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TE Connectivity plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.061 0.051 0.045 0.039 0.038 0.035 0.035 0.034 0.033 0.031 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin:0 auto;background-color:#f0f0f0"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025. For more complete information, you may review the Portfolio’s current prospectus, dated May 1, 2025, as supplemented December 3, 2025, at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">At a meeting held on December <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-2,</div> 2025, the Board of Trustees of EQ Advisors Trust approved the liquidation and termination of the Portfolio, effective on or before April <div style="display:inline;">30</div>, 2026.</div><div style="font-size: 1pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> The following is a summary of certain changes to the Portfolio since January 1, 2025. For more complete information, you may review the Portfolio’s current prospectus, dated May 1, 2025, as supplemented December 3, 2025, at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 2026-04-30 EQ/AMERICAN CENTURY MID CAP VALUE PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/American Century Mid Cap Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$104</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.00%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 104 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 8.72% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Industrials sector contributed to performance. Within the sector, overweight positions in the machinery industry buoyed performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Real Estate sector also helped the Portfolio’s results. Real estate faced headwinds from still-elevated interest rates, so the Portfolio’s limited exposure to these equities was beneficial.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Teradyne, Inc. was the top contributing security on an absolute basis. The semiconductor company benefited from secular demand tailwinds for its artificial intelligence-related computer, networking and memory segments.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Materials sector also weighed on performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s limited exposure to the metals and mining industry detracted as precious and base metals did well during the year. Positions in the containers and packaging industry detracted as slowing consumer spending and weak volumes negatively affected these businesses.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z51.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/American Century Mid Cap Value Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.24%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.39%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/American Century Mid Cap Value Portfolio (Class IB) 0.0872 0.0864 0.0824 Russell 1000® Index 0.1737 0.1359 0.15 Russell Midcap® Value Index 0.1105 0.0983 0.0939 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">620,864,388 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">123 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,745,294</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">73%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 620864388 123 3745294 0.73 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Zimmer Biomet Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Henry Schein, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commerce Bancshares, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Baker Hughes Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Willis Towers Watson plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Reinsurance Group of America, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Labcorp Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Kenvue, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Becton Dickinson &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.168 0.147 0.144 0.104 0.086 0.084 0.072 0.064 0.056 0.037 0.013 0.01 0.015 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Zimmer Biomet Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Henry Schein, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commerce Bancshares, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Baker Hughes Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Willis Towers Watson plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Reinsurance Group of America, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Labcorp Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Kenvue, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Becton Dickinson &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.025 0.019 0.018 0.017 0.016 0.016 0.016 0.016 0.016 0.015 EQ/AMERICAN CENTURY MID CAP VALUE PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/American Century Mid Cap Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$78</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.75%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 78 0.0075 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 8.98% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Industrials sector contributed to performance. Within the sector, overweight positions in the machinery industry buoyed performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Real Estate sector also helped the Portfolio’s results. Real estate faced headwinds from still-elevated interest rates, so the Portfolio’s limited exposure to these equities was beneficial.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Teradyne, Inc. was the top contributing security on an absolute basis. The semiconductor company benefited from secular demand tailwinds for its artificial intelligence-related computer, networking and memory segments.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Materials sector also weighed on performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s limited exposure to the metals and mining industry detracted as precious and base metals did well during the year. Positions in the containers and packaging industry detracted as slowing consumer spending and weak volumes negatively affected these businesses.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z54.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/American Century Mid Cap Value Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.77%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: June 8, 2020 </div></td></tr></table> EQ/American Century Mid Cap Value Portfolio (Class K) 0.0898 0.0891 0.1042 Russell 1000® Index 0.1737 0.1359 0.1577 Russell Midcap® Value Index 0.1105 0.0983 0.1158 2020-06-08 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">620,864,388 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">123 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,745,294</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">73%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 620864388 123 3745294 0.73 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Zimmer Biomet Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Henry Schein, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commerce Bancshares, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Baker Hughes Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Willis Towers Watson plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Reinsurance Group of America, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Labcorp Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Kenvue, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Becton Dickinson &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.168 0.147 0.144 0.104 0.086 0.084 0.072 0.064 0.056 0.037 0.013 0.01 0.015 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Zimmer Biomet Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Henry Schein, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commerce Bancshares, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Baker Hughes Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Willis Towers Watson plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Reinsurance Group of America, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Labcorp Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Kenvue, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Becton Dickinson &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.025 0.019 0.018 0.017 0.016 0.016 0.016 0.016 0.016 0.015 EQ/AMERICAN CENTURY MODERATE GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/American Century Moderate Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$117</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 117 0.011 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.37% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Every asset category contributed to the Portfolio’s absolute performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to U.S. large cap equities contributed the most to absolute performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from the Portfolio’s performance relative to its benchmark index. The Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-risked</div> to manage tariff-related volatility in the second quarter. As a result, the Portfolio was underweight U.S. large cap equities during the ensuing <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">V-shaped</div> recovery.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s positioning between U.S. and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-U.S.</div> equities detracted slightly. On average, the Portfolio overweighted U.S. equities during the period.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z57.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/American Century Moderate Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.35%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/American Century Moderate Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Credit Corporate <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">5-10</div> Year Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 1, 2019 </div></td></tr></table> EQ/American Century Moderate Growth Allocation Portfolio (Class IB) 0.1237 0.0535 0.0655 S&P 500® Index 0.1788 0.1442 0.1622 EQ/American Century Moderate Growth Allocation Index 0.1644 0.0767 0.0975 Bloomberg U.S. Credit Corporate 5-10 Year Index 0.0958 0.0086 0.0358 2019-02-01 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">194,520,914 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">10 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,160,905</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">100%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 194520914 10 1160905 1 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">64.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Intermediate-Term Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core MSCI EAFE ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street SPDR Portfolio S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 2000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.995 0.649 0.346 0.01 -0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Intermediate-Term Corporate Bond ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core MSCI EAFE ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street SPDR Portfolio S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 2000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.346 0.156 0.139 0.139 0.139 0.039 0.036 0.005 EQ/CAPITAL GROUP RESEARCH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Capital Group Research Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$104</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.95%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 104 0.0095 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 19.83% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology sector contributed to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investment decisions in the Industrials and Utilities sectors also contributed to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Micron Technology, Inc. was a top contributor to performance. The company’s stock price rose on soaring demand for its memory chips.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Specialty materials producer ATI, Inc. rallied on strong earnings, driven by aerospace and defense sales.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Constellation Energy Corporation benefited from policy support for clean energy and growing investor enthusiasm for nuclear energy.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Health Care and Financials sectors detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Communication Services sector also detracted.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investor concerns about competitive threats from artificial intelligence (AI) hindered several software holdings, including Atlassian Corp., Salesforce, Inc., and ServiceNow Inc.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Although KKR &amp; Co. Inc. beat profit expectations, its shares declined amid valuation concerns and what many investors believed was a challenging environment for private equity.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Air-conditioning</div> and refrigeration specialist Carrier Global Corp. fell sharply as European sales stagnated and demand in U.S. residential markets remained soft.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g00z60.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Capital Group Research Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/Capital Group Research Portfolio (Class IB) 0.1983 0.138 0.15 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">725,923,904 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">69 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,980,831</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">18%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 725923904 69 3980831 0.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Micron Technology, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Philip Morris International, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.322 0.149 0.106 0.103 0.092 0.07 0.059 0.049 0.019 0.015 0.005 0.011 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Micron Technology, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Philip Morris International, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.075 0.05 0.045 0.043 0.035 0.032 0.031 0.028 0.027 0.024 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin:0 auto;background-color:#f0f0f0"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Material Changes to the Portfolio</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.97% to 0.95%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses.</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div> <div style="font-size: 1pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.97% to 0.95%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/CLEARBRIDGE LARGE CAP GROWTH ESG PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/ClearBridge Large Cap Growth ESG Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$104</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.00%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 104 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.69% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s performance were Information Technology, Consumer Discretionary, and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Consumer Discretionary sector and an underweight position in the Consumer Staples sector contributed to performance relative to the Portfolio’s benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Top contributors to relative performance included ASML Holding NV, a leading supplier of photolithography systems, and Taiwan Semiconductor Manufacturing Co. Ltd. Not owning Costco Wholesale Corp. and underweighting Apple Inc. and Tesla, Inc. also contributed to relative performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from the Portfolio’s performance were Health Care, Materials and Real Estate.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection and sector allocation detracted from the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">UnitedHealth Group, Inc., PayPal Holdings, Inc., an online payment system, Oracle Corp., a technology company, Salesforce, Inc., a cloud-based software company, and Accenture plc, a professional services company, detracted the most from relative performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z63.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/ClearBridge Large Cap Growth ESG Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.69%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.63%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/ClearBridge Large Cap Growth ESG Portfolio (Class IB) 0.0769 0.1047 0.1363 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">449,422,644 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">39 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,791,885</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">22%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 449422644 39 2791885 0.22 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">44.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netflix, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intuitive Surgical, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Palo Alto Networks, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.446 0.133 0.125 0.082 0.078 0.074 0.028 0.014 0.013 0.007 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netflix, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intuitive Surgical, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Palo Alto Networks, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.129 0.078 0.073 0.06 0.058 0.041 0.035 0.03 0.027 0.024 EQ/CLEARBRIDGE LARGE CAP GROWTH ESG PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/ClearBridge Large Cap Growth ESG Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$78</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.75%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 78 0.0075 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.96% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s performance were Information Technology, Consumer Discretionary, and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Consumer Discretionary sector and an underweight position in the Consumer Staples sector contributed to performance relative to the Portfolio’s benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Top contributors to relative performance included ASML Holding NV, a leading supplier of photolithography systems, and Taiwan Semiconductor Manufacturing Co. Ltd. Not owning Costco Wholesale Corp. and underweighting Apple Inc. and Tesla, Inc. also contributed to relative performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from the Portfolio’s performance were Health Care, Materials and Real Estate.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection and sector allocation detracted from the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">UnitedHealth Group, Inc., PayPal Holdings, Inc., an online payment system, Oracle Corp., a technology company, Salesforce, Inc., a cloud-based software company, and Accenture plc, a professional services company, detracted the most from relative performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z66.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/ClearBridge Large Cap Growth ESG Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/ClearBridge Large Cap Growth ESG Portfolio (Class K) 0.0796 0.1075 0.1391 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">449,422,644 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">39 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$2,791,885</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">22%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 449422644 39 2791885 0.22 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">44.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netflix, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intuitive Surgical, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Palo Alto Networks, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.446 0.133 0.125 0.082 0.078 0.074 0.028 0.014 0.013 0.007 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netflix, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intuitive Surgical, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Palo Alto Networks, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.129 0.078 0.073 0.06 0.058 0.041 0.035 0.03 0.027 0.024 EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Clearbridge Select Equity Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$109</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.05%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 109 0.0105 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.66% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Industrials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were NVIDIA Corp., AppLovin Corp., a mobile technology company, Microsoft Corp., and Comfort Systems USA, Inc., a mechanical and electrical contracting services company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Materials and Utilities.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, HubSpot, Inc., a customer relationship management platform, and Copart, Inc., an online auction company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z69.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Clearbridge Select Equity Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.66%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Clearbridge Select Equity Managed Volatility Portfolio (Class IB) 0.0766 0.0842 0.1221 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">644,523,924 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">553 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,078,608</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 644523924 553 4078608 0.15 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">MercadoLibre, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Casey’s General Stores, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ServiceNow, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shopify, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.329 0.107 0.096 0.088 0.082 0.059 0.056 0.03 0.022 0.014 0.011 0.097 0.009 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">MercadoLibre, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Casey’s General Stores, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ServiceNow, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shopify, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.093 0.068 0.058 0.052 0.016 0.016 0.015 0.015 0.015 0.014 EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Clearbridge Select Equity Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$83</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.80%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 83 0.008 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.92% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Industrials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were NVIDIA Corp., AppLovin Corp., a mobile technology company, Microsoft Corp., and Comfort Systems USA, Inc., a mechanical and electrical contracting services company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Materials and Utilities.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, HubSpot, Inc., a customer relationship management platform, and Copart, Inc., an online auction company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00z72.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:78%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Clearbridge Select Equity Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.77%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 26, 2021 </div></td></tr></table> EQ/Clearbridge Select Equity Managed Volatility Portfolio (Class K) 0.0792 0.0511 S&P 500® Index 0.1788 0.1177 2021-10-26 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">644,523,924 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">553 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,078,608</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 644523924 553 4078608 0.15 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">MercadoLibre, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Casey’s General Stores, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ServiceNow, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shopify, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.329 0.107 0.096 0.088 0.082 0.059 0.056 0.03 0.022 0.014 0.011 0.097 0.009 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">MercadoLibre, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Casey’s General Stores, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ServiceNow, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shopify, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.093 0.068 0.058 0.052 0.016 0.016 0.015 0.015 0.015 0.014 EQ/COMMON STOCK INDEX PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Common Stock Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$72</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.67%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 72 0.0067 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IA shares returned 16.30% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Real Estate, Consumer Staples, and Energy.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, ServiceNow, Inc., a cloud computing platform, and Accenture plc, a professional services company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g55a35.jpg" style="width:6.31944in;height:3.17986in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:13pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:13pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Common Stock Index Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">16.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">12.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">13.54%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Common Stock Index Portfolio (Class IA) 0.163 0.125 0.1354 Russell 3000® Index 0.1715 0.1315 0.1429 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">7,921,280,253 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,486 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$22,403,964</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 7921280253 1486 22403964 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.316 0.139 0.104 0.10 0.10 0.094 0.044 0.03 0.022 0.022 0.022 0.001 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.066 0.06 0.054 0.034 0.028 0.024 0.023 0.022 0.019 0.014 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/COMMON STOCK INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Common Stock Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$72</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.67%</td></tr></table></div> 72 0.0067 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 16.28% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Real Estate, Consumer Staples, and Energy.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, ServiceNow, Inc., a cloud computing platform, and Accenture plc, a professional services company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g12k01.jpg" style="width:6.32682in;height:3.18024in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:13pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:13pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Common Stock Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">16.28%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">12.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">13.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Common Stock Index Portfolio (Class IB) 0.1628 0.125 0.1355 Russell 3000® Index 0.1715 0.1315 0.1429 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;background-color:#ececec;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">7,921,280,253 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,486 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$22,403,964</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div></div> 7921280253 1486 22403964 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.316 0.139 0.104 0.10 0.10 0.094 0.044 0.03 0.022 0.022 0.022 0.001 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.066 0.06 0.054 0.034 0.028 0.024 0.023 0.022 0.019 0.014 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/CORE BOND INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Core Bond Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$64</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.62%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 64 0.0062 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 6.43% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Federal Reserve monetary policy was the most significant driver of performance. The series of three interest rate cuts that began in September supported price appreciation for bonds and led to strong overall performance for the index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Corporate credit spreads tightened throughout much of the year, largely driven by positive corporate sentiment, contributing to returns. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The corporate bond sectors that contributed the most were Financials, Utilities, and Industrials. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Allocations to U.S. Government Agency securities, U.S. Treasury Obligations, and Supranational bonds detracted. </td></tr></table><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <img alt="LOGO" src="g897067g00g01.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">6.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">0.35%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">1.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government/Credit Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">6.97%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">0.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Core Bond Index Portfolio (Class IB) 0.0643 0.0035 0.017 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government/Credit Bond Index 0.0697 0.0096 0.0229 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">5,006,629,762 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">2,849 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$13,335,419</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> 5006629762 2849 13335419 0.17 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">53.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">30.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Preferred Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table> 0.539 0.308 0.081 0.025 0.022 0.013 0.001 0 0 0.012 -0.001 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.64% to 0.62%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.64% to 0.62%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/CORE BOND INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Core Bond Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$38</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.37%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 38 0.0037 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 6.59% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Federal Reserve monetary policy was the most significant driver of performance. The series of three interest rate cuts that began in September supported price appreciation for bonds and led to strong overall performance for the index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Corporate credit spreads tightened throughout much of the year, largely driven by positive corporate sentiment, contributing to returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The corporate bond sectors that contributed the most were Financials, Utilities, and Industrials.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Allocations to U.S. Government Agency securities, U.S. Treasury Obligations, and Supranational bonds detracted.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00g02.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Core Bond Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.60%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government/Credit Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.97%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> EQ/Core Bond Index Portfolio (Class K) 0.0659 0.006 0.0195 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government/Credit Bond Index 0.0697 0.0096 0.0229 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,006,629,762 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,849 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$13,335,419</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> 5006629762 2849 13335419 0.17 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">53.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">30.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Preferred Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">-0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.539 0.308 0.081 0.025 0.022 0.013 0.001 0 0 0.012 -0.001 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.39% to 0.37%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.39% to 0.37%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/CORE PLUS BOND PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Core Plus Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144 https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$97</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.93%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 97 0.0093 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IA shares returned 8.53% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overweighting German bonds contributed to the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overweighting Canadian government bonds also contributed to relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overweighting Mexican sovereign debt was accretive during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A long position in the Euro also was accretive during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s U.S. Treasury yield curve positioning detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overweighting Colombian government bonds detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A long position in the Japanese yen and a short position in the Swiss franc detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00g03.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:11pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:11pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:16pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:16pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">8.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.16%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Core Plus Bond Portfolio (Class IA) 0.0853 -0.0074 0.0216 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">750,747,225 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">887 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,575,390</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">177%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 750747225 887 3575390 1.77 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Convertible Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.262 0.236 0.137 0.114 0.107 0.049 0.019 0.001 0.035 0.04 EQ/CORE PLUS BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Core Plus Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144 https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$97</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.93%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 97 0.0093 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 8.58% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting German bonds contributed to the Portfolio’s performance relative to its benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting Canadian government bonds also contributed to relative performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting Mexican sovereign debt was accretive during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">A long position in the Euro also was accretive during the year. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s U.S. Treasury yield curve positioning detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting Colombian government bonds detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">A long position in the Japanese yen and a short position in the Swiss franc detracted from performance. </td></tr></table><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g00g04.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">8.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.68%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Core Plus Bond Portfolio (Class IB) 0.0858 -0.0068 0.0217 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">750,747,225 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">887 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,575,390</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">177%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 750747225 887 3575390 1.77 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Convertible Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.262 0.236 0.137 0.114 0.107 0.049 0.019 0.001 0.035 0.04 EQ/CORE PLUS BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Core Plus Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$71</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.68%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 71 0.0068 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 8.76% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting German bonds contributed to the Portfolio’s performance relative to its benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting Canadian government bonds also contributed to relative performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting Mexican sovereign debt was accretive during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">A long position in the Euro also was accretive during the year. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s U.S. Treasury yield curve positioning detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Overweighting Colombian government bonds detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">A long position in the Japanese yen and a short position in the Swiss franc detracted from performance. </td></tr></table></div> <img alt="LOGO" src="g897067g00g05.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap">            </td> <td colspan="5" style="white-space:nowrap">            </td> <td colspan="5" style="white-space:nowrap">            </td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Core Plus Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">8.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.43%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Core Plus Bond Portfolio (Class K) 0.0876 -0.0044 0.0243 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">750,747,225 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">887 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,575,390</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">177%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 750747225 887 3575390 1.77 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Convertible Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.262 0.236 0.137 0.114 0.107 0.049 0.019 0.001 0.035 0.04 EQ/EMERGING MARKETS EQUITY PLUS PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Emerging Markets Equity PLUS Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$140</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.20%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 140 0.012 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 4pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 33.46% for the year ended December 31, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Financials, and Materials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., a Chinese technology and entertainment conglomerate, SK Hynix, Inc., a South Korean supplier of memory chips, and Jiangxi Copper Co. Ltd., China’s largest copper producer.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Real Estate and Utilities.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Micro-Star International Ltd., a Taiwanese technology company, Meituan, a Chinese <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">super-app</div> that provides <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">on-demand</div> services, Infosys Ltd., a digital services company, Tata Consultancy Services Ltd., an Indian IT services company, and ACWA Power Co.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00v08.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:70%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:13pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:13pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:16pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:16pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">33.46%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">4.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">7.73%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI Emerging Markets (Gross Dividends) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">34.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">4.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">8.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Emerging Markets Equity PLUS Portfolio (Class IB) 0.3346 0.0464 0.0773 MSCI Emerging Markets (Gross Dividends) Index 0.3436 0.0467 0.0886 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">122,625,494 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">940 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$528,269</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 122625494 940 528269 0.05 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Taiwan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">India</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">South Korea</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Brazil</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">South Africa</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Mexico</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Saudi Arabia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Thailand</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Indonesia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.269 0.228 0.117 0.117 0.053 0.034 0.02 0.019 0.017 0.017 0.093 0.289 0.235 0.103 0.086 0.069 0.062 0.046 0.036 0.029 0.015 0.014 0.009 0.007 EQ/EMERGING MARKETS EQUITY PLUS PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Emerging Markets Equity PLUS Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$111</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.95%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 111 0.0095 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin:0 auto;background-color:#f0f0f0"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 4pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 33.75% for the year ended December 31, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Financials, and Materials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., a Chinese technology and entertainment conglomerate, SK Hynix, Inc., a South Korean supplier of memory chips, and Jiangxi Copper Co. Ltd., China’s largest copper producer.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to performance were Real Estate and Utilities.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Micro-Star International Ltd., a Taiwanese technology company, Meituan, a Chinese <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">super-app</div> that provides <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">on-demand</div> services, Infosys Ltd., a digital services company, Tata Consultancy Services Ltd., an Indian IT services company, and ACWA Power Co.</div></div></div><div style="font-size: 18pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00v09.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:70%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Emerging Markets Equity PLUS Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">33.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">4.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">8.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI Emerging Markets (Gross Dividends) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">34.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">4.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">8.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Emerging Markets Equity PLUS Portfolio (Class K) 0.3375 0.0489 0.0801 MSCI Emerging Markets (Gross Dividends) Index 0.3436 0.0467 0.0886 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">122,625,494 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">940 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$528,269</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 122625494 940 528269 0.05 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Taiwan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">India</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">South Korea</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Brazil</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">South Africa</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Mexico</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Saudi Arabia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Thailand</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Indonesia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.269 0.228 0.117 0.117 0.053 0.034 0.02 0.019 0.017 0.017 0.093 0.289 0.235 0.103 0.086 0.069 0.062 0.046 0.036 0.029 0.015 0.014 0.009 0.007 EQ/EQUITY 500 INDEX PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Equity 500 Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$58</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.54%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 58 0.0054 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IA shares returned 17.24% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Information Technology, Communication Services, and Financials. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., and Microsoft Corp. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Real Estate, Materials, and Consumer Staples. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, ServiceNow, Inc., a cloud computing platform, and Accenture plc, a professional services company. </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g00v10.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.24%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.79%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.16%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.88%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.42%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.82%</td></tr></table> EQ/Equity 500 Index Portfolio (Class IA) 0.1724 0.1379 0.1416 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:82%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">12,340,332,286 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">506 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$20,019,170</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 12340332286 506 20019170 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.341 0.132 0.105 0.103 0.095 0.081 0.046 0.028 0.022 0.018 0.018 0.001 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.077 0.068 0.061 0.038 0.031 0.028 0.025 0.024 0.021 0.016 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IA shares was lowered from 0.54% to 0.5375%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">These changes are intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IA shares was lowered from 0.54% to 0.5375%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 In addition, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/EQUITY 500 INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Equity 500 Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$58</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.54%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 58 0.0054 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 17.23% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Information Technology, Communication Services, and Financials. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., and Microsoft Corp. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Real Estate, Materials, and Consumer Staples. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, ServiceNow, Inc., a cloud computing platform, and Accenture plc, a professional services company. </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <img alt="LOGO" src="g897067g00v11.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.23%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.79%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.15%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.88%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.42%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.82%</td></tr></table> EQ/Equity 500 Index Portfolio (Class IB) 0.1723 0.1379 0.1415 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:82%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">12,340,332,286 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">506 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$20,019,170</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 12340332286 506 20019170 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.341 0.132 0.105 0.103 0.095 0.081 0.046 0.028 0.022 0.018 0.018 0.001 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.077 0.068 0.061 0.038 0.031 0.028 0.025 0.024 0.021 0.016 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.54% to 0.5375%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">These changes are intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.54% to 0.5375%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/EQUITY 500 INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Equity 500 Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last <div style="display:inline;">year</div>?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$31</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.29%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 31 0.0029 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 17.53% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Real Estate, Materials, and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Salesforce, Inc., a cloud-based software company, ServiceNow, Inc., a cloud computing platform, and Accenture plc, a professional services company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00v12.jpg" style="width:6.31944in;height:3.18022in"/> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Equity 500 Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.08%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table></div> EQ/Equity 500 Index Portfolio (Class K) 0.1753 0.1408 0.1444 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:83%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12,340,332,286 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">506 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$20,019,170</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 12340332286 506 20019170 0.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">34.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">13.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top <div style="display:inline;">Holdings </div>(as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.341 0.132 0.105 0.103 0.095 0.081 0.046 0.028 0.022 0.018 0.018 0.001 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top <div style="display:inline;">Holdings </div>(as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.077 0.068 0.061 0.038 0.031 0.028 0.025 0.024 0.021 0.016 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.29% to 0.2875%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">These changes are intended to reduce the Portfolio’s <div style="display:inline;">expenses</div>. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.29% to 0.2875%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/FIDELITY INSTITUTIONAL AM® LARGE CAP PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Fidelity Institutional AM<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Large Cap Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this in<div style="display:inline;">f</div>ormation by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$95</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.87%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 95 0.0087 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 18.34% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio generated positive gross returns in all sectors during the year. The top contributing sector to performance was Information Technology, which contributed 7.71% to the Portfolio’s gross return. The Communication Services and Financials sectors rounded out the top three contributors, which collectively represented nearly three-quarters of the Portfolio’s overall return for the period. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The top individual contributor to performance was the Portfolio’s position in advertising giant, and parent of the Google search engine, Alphabet Inc. Shares in Alphabet rose over 65% in the period as the firm continued to execute on its artificial intelligence strategy and produce solid financial results. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s stake in semiconductor firm NVIDIA Corp. was another top contributor to absolute returns over the twelve-month period. NVIDIA shares rose over 38% in the past year amid an ongoing surge of investment in artificial intelligence that has triggered huge demand for its products. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">No sector detracted from absolute returns during the year. The weakest contributors were Real Estate, Consumer Staples, and Materials, which collectively contributed less than 0.5% to the Portfolio’s gross return. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s position in insurance firm UnitedHealth Group Inc. was the top detractor from absolute returns. Shares of UnitedHealth slid nearly 33%, as it faced headwinds stemming from its Medicare Advantage and Optum Care businesses, both of which face rising costs and technical debt issues. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s investment in Gartner Inc. was another top three detractor from absolute performance. Shares of Gartner dropped nearly 49% as the IT research and consulting firm faced multiple coinciding business challenges, including substantial contract terminations related to cuts stemming from Department of Government Efficiency efforts to restrain Federal spending. </td></tr></table><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00s20.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Fidelity Institutional AM<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Large Cap Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.34%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.86%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.45%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.42%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.26%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:left">Date of inception: October 22, 2018 </div></td></tr></table> EQ/Fidelity Institutional AM® Large Cap Portfolio (Class IB) 0.1834 0.1386 0.1545 S&P 500® Index 0.1788 0.1442 0.1526 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,469,488,688 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">317 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,645,569</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">62%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 1469488688 317 6645569 0.62 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:10pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; font-size:8pt; font-family:ARIAL"># Less than 0.05% </div></div> 0.34 0.132 0.106 0.104 0.094 0.082 0.046 0.028 0.021 0.017 0.017 0.007 0 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.082 0.071 0.065 0.053 0.043 0.033 0.024 0.02 0.018 0.018 EQ/FIDELITY INSTITUTIONAL AM® LARGE CAP PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Fidelity Institutional AM<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Large Cap Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio <div style="display:inline;">costs</div> for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$68</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.62%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 68 0.0062 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 18.64% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio generated positive gross returns in all sectors during the year. The top contributing sector to performance was Information Technology, which contributed 7.71% to the Portfolio’s gross return. The Communication Services and Financials sectors rounded out the top three contributors, which collectively represented nearly three-quarters of the Portfolio’s overall return for the period. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The top individual contributor to performance was the Portfolio’s position in advertising giant, and parent of the Google search engine, Alphabet Inc. Shares in Alphabet rose over 65% in the period as the firm continued to execute on its artificial intelligence strategy and produce solid financial results. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s stake in semiconductor firm NVIDIA Corp. was another top contributor to absolute returns over the twelve-month period. NVIDIA shares rose over 38% in the past year amid an ongoing surge of investment in artificial intelligence that has triggered huge demand for its products. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">No sector detracted from absolute returns during the year. The weakest contributors were Real Estate, Consumer Staples, and Materials, which collectively contributed less than 0.5% to the Portfolio’s gross return. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s position in insurance firm UnitedHealth Group Inc. was the top detractor from absolute returns. Shares of UnitedHealth slid nearly 33%, as it faced headwinds stemming from its Medicare Advantage and Optum Care businesses, both of which face rising costs and technical debt issues. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s investment in Gartner Inc. was another top three detractor from absolute performance. Shares of Gartner dropped nearly 49% as the IT research and consulting firm faced multiple coinciding business challenges, including substantial contract terminations related to cuts stemming from Department of Government Efficiency efforts to restrain Federal spending. </td></tr></table> <img alt="LOGO" src="g897067g13k02.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:17pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:17pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Fidelity Institutional AM<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Large Cap Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">18.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.14%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">15.73%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">15.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6pt"> </td> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/Fidelity Institutional AM® Large Cap Portfolio (Class K) 0.1864 0.1414 0.1573 S&P 500® Index 0.1788 0.1442 0.1526 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align:top"><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,469,488,688 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">317 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$6,645,569</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">62%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1469488688 317 6645569 0.62 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:8%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">34.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0 </td> <td style="white-space:nowrap;vertical-align:bottom">%# </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left">#</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.34 0.132 0.106 0.104 0.094 0.082 0.046 0.028 0.021 0.017 0.017 0.007 0 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table> 0.082 0.071 0.065 0.053 0.043 0.033 0.024 0.02 0.018 0.018 EQ/FRANKLIN RISING DIVIDENDS PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Franklin Rising Dividends Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$92</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.87%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> 92 0.0087 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the <div style="letter-spacing: 0px; top: 0px;display:inline;">Portfolio </div>perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 11.84% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Financials and Industrials sectors contributed to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Semiconductor giant Broadcom Inc. rallied as rising demand for generative AI infrastructure helped drive record revenue, earnings and bookings, bolstered by AI chip deals and accelerating <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">AI-related</div> revenue growth.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Rising global defense spending drove strong organic sales growth, margin expansion and a record project backlog for RTX Corporation, an aerospace and defense conglomerate, which raised full-year guidance amid robust aerospace aftermarket demand.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in Apple Inc. contributed to performance relative to the Portfolio’s benchmark index.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection, especially in the Information Technology and Health Care sectors, detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">A lack of exposure to the Communication Services sector weighed heavily on relative returns.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Among portfolio holdings, the largest detractor was consulting firm Accenture plc, as worries about the potential impact of AI and US federal cost-cutting weighed on the stock.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Health insurer UnitedHealth Group Inc.’s stock declined sharply amid rising medical costs, elevated utilization trends in their Medicare Advantage business and management turnover. Heightened regulatory scrutiny also added pressure.</div> </div> </div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00s21.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Franklin Rising Dividends Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.84%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt;vertical-align:top;text-align:left"> *</td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div> </td> </tr> </table> EQ/Franklin Rising Dividends Portfolio (Class IB) 0.1184 0.095 0.1159 S&P 500® Index 0.1788 0.1442 0.1526 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio <div style="letter-spacing: 0px; top: 0px;display:inline;">Statistics</div></div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">355,769,951 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">57 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,681,273</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> </div> 355769951 57 1681273 0.16 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio <div style="letter-spacing: 0px; top: 0px;display:inline;">invest </div>in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> </table> </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Walmart, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Linde plc</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oracle Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Morgan Stanley</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.299 0.167 0.154 0.139 0.067 0.067 0.046 0.027 0.017 0.019 -0.002 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Walmart, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Linde plc</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oracle Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Morgan Stanley</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.087 0.053 0.039 0.034 0.033 0.03 0.028 0.026 0.026 0.026 EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Franklin Small Cap Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$109</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.05%</td></tr></table></div> 109 0.0105 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.06% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Financials, Health Care, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Energy sector contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Babcock International Group plc, an aerospace and defense company, contributed on optimism that it may benefit from a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">step-up</div> in European defense spending.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">MKS, Inc., which offers technological solutions to semiconductor manufacturing, bolstered relative performance amid ongoing momentum in its electronics and packaging equipment business, driven by artificial intelligence applications and stronger semiconductor growth.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Sanmina Corporation, an electronics manufacturing services company, contributed on solid execution and its growing exposure to the artificial intelligence market.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sectors that detracted from the Portfolio’s absolute performance were Communication Services and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Materials sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stocks that detracted the most from absolute performance included Willscot Holdings Corp., Cable One, Inc., and Avient Corporation.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">WillScot Holdings Corp., a modular office and portable storage container provider, detracted as utilization rates declined due to a weak <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-residential</div> construction market.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Avient Corporation, a specialty chemicals company, detracted from relative results as worries about tariffs and slower growth raised concerns about its business.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g00s23.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Franklin Small Cap Value Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.71%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index*</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> EQ/Franklin Small Cap Value Managed Volatility Portfolio (Class IB) 0.0706 0.0611 0.0871 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Value Index 0.1259 0.0888 0.0927 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio <div style="display:inline;">Statistics</div></div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">244,315,428 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,993 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,388,855</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">35%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 244315428 1993 1388855 0.35 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio <div style="display:inline;">invest </div>in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.214 0.176 0.126 0.102 0.096 0.067 0.041 0.033 0.018 0.011 0.007 0.071 0.038 EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Franklin Small Cap Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$83</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.80%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div> 83 0.008 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last <div style="display:inline;">year </div>and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.24% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Financials, Health Care, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Energy sector contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Babcock International Group plc, an aerospace and defense company, contributed on optimism that it may benefit from a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">step-up</div> in European defense spending.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">MKS, Inc., which offers technological solutions to semiconductor manufacturing, bolstered relative performance amid ongoing momentum in its electronics and packaging equipment business, driven by artificial intelligence applications and stronger semiconductor growth.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Sanmina Corporation, an electronics manufacturing services company, contributed on solid execution and its growing exposure to the artificial intelligence market.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sectors that detracted from the Portfolio’s absolute performance were Communication Services and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Materials sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stocks that detracted the most from absolute performance included Willscot Holdings Corp., Cable One, Inc., and Avient Corporation.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">WillScot Holdings Corp., a modular office and portable storage container provider, detracted as utilization rates declined due to a weak <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-residential</div> construction market.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Avient Corporation, a specialty chemicals company, detracted from relative results as worries about tariffs and slower growth raised concerns about its business.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g00s22.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Franklin Small Cap Value Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.24%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Franklin Small Cap Value Managed Volatility Portfolio (Class K) 0.0724 0.0636 0.0898 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Value Index 0.1259 0.0888 0.0927 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">244,315,428 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,993 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,388,855</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">35%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 244315428 1993 1388855 0.35 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="display:inline;">Utilities</div></div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.214 0.176 0.126 0.102 0.096 0.067 0.041 0.033 0.018 0.011 0.007 0.071 0.038 EQ/GLOBAL EQUITY MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Global Equity Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio c<div style="display:inline;">osts</div> for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:6pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:6pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:6pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">$120</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">1.09%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 120 0.0109 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 19.14% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Financials. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Taiwan Semiconductor Manufacturing Co., Ltd., Alphabet, Inc., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., a Chinese technology and entertainment conglomerate, and Lam Research Corp., a global supplier of wafer fabrication equipment and services. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The only sector that detracted from absolute performance was Real Estate. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Marvell Technology, Inc., a semiconductor company, DLF Ltd., a leading Indian real estate developer, Novo Nordisk A/S, a Danish pharmaceutical company, J.D.com, a Chinese <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">e-commerce</div> company, and Nice Ltd., a global enterprise software company. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity m<div style="display:inline;">ark</div>et recovery. </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g75q55.jpg" style="width:6.31944in;height:3.17386in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Global Equity Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">19.14%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.33%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.47%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">22.34%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.19%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.72%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Global Equity Managed Volatility Portfolio (Class IB) 0.1914 0.0833 0.0947 MSCI ACWI (Net) Index 0.2234 0.1119 0.1172 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce p<div style="display:inline;">erform</div>ance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:11%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,737,354,893 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,309 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$10,911,670</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:24pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 1737354893 1309 10911670 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:87%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">United States</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Japan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Taiwan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">India</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">France</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">United Kingdom</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Germany</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">South Korea</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Australia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.39 0.054 0.045 0.04 0.038 0.03 0.026 0.026 0.021 0.016 0.121 0.217 0.151 0.085 0.085 0.084 0.075 0.037 0.025 0.018 0.016 0.014 0.054 0.139 EQ/GLOBAL EQUITY MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Global Equity Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$93</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.84%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 93 0.0084 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 19.42% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Communication Services, and Financials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Taiwan Semiconductor Manufacturing Co., Ltd., Alphabet, Inc., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., a Chinese technology and entertainment conglomerate, and Lam Research Corp., a global supplier of wafer fabrication equipment and services.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The only sector that detracted from absolute performance was Real Estate.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Marvell Technology, Inc., a semiconductor company, DLF Ltd., a leading Indian real estate developer, Novo Nordisk A/S, a Danish pharmaceutical company, J.D.com, a Chinese <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">e-commerce</div> company, and Nice Ltd., a global enterprise software company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g52y53.jpg" style="width:6.31944in;height:3.20282in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Global Equity Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Global Equity Managed Volatility Portfolio (Class K) 0.1942 0.0859 0.0974 MSCI ACWI (Net) Index 0.2234 0.1119 0.1172 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,737,354,893 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,309 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$10,911,670</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 1737354893 1309 10911670 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">India</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">China</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">South Korea</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.39 0.054 0.045 0.04 0.038 0.03 0.026 0.026 0.021 0.016 0.121 0.217 0.151 0.085 0.085 0.084 0.075 0.037 0.025 0.018 0.016 0.014 0.054 0.139 EQ/GOLDMAN SACHS GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Goldman Sachs Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$112</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.06%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div> 112 0.0106 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 3pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.09% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:3pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to U.S. large cap equity contributed to returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-U.S.</div> equities also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:3pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">large-cap</div> stocks outperformed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">small-cap</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">mid-cap</div> stocks during the period. As a result, the Portfolio’s overweight of U.S. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">small-cap</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">mid-cap</div> stocks detracted from returns relative to the benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by tariff concerns, equity exposure was reduced in April. The reduction had a negative impact on the Portfolio’s return versus the benchmark.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g78b86.jpg" style="width:6.31944in;height:3.17432in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Goldman Sachs Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Goldman Sachs Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Credit Corporate <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">5-10</div> Year Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.58%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:21pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 1, 2019 </div></td></tr></table> EQ/Goldman Sachs Growth Allocation Portfolio (Class IB) 0.1209 0.0729 0.0788 S&P 500® Index 0.1788 0.1442 0.1622 EQ/Goldman Sachs Growth Allocation Index 0.1622 0.0979 0.1147 Bloomberg U.S. Credit Corporate 5-10 Year Index 0.0958 0.0086 0.0358 2019-02-01 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">786,387,578 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,488,966</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">16%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 786387578 20 4488966 0.16 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin:0 auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Asset Class (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">61.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Fixed Income</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">48.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.618 0.32 0.298 0.488 -0.106 EQ/GOLDMAN SACHS MID CAP VALUE PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Goldman Sachs Mid Cap Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$114</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.09%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 114 0.0109 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:4pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 9.22% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The top performing sectors were Industrials and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection in the Industrials and Consumer Discretionary sectors contributed to the Portfolio’s returns relative to its benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Western Digital Corp., a global provider of solutions for digital content collection, storage, management, protection, and use, was a top contributor to returns. Western Digital Corp.’s stock price rose as the company benefited from continued strong demand within its cloud segment, alongside increasing needs for artificial intelligence-driven data storage. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">GE Vernova, Inc., an energy equipment manufacturing and services company, was also a top contributor to returns. The company’s stock price soared as the market maintained confidence in the management team’s ability to execute operationally and increase order quantities to scale alongside the artificial intelligence growth narrative. The company’s strong balance sheet and history of outperformance further underpinned this positive momentum. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Real Estate and Materials were the worst performing sectors. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection in the Financials and Materials sectors detracted from relative returns. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Marvell Technology, Inc., a provider of semiconductor solutions for data infrastructure, detracted from performance this year as investors grew concerned with the company’s decelerating data center growth, strategic partnerships, order lumpiness, and increasingly competitive landscape, ultimately leading the stock to underperform. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s underweight position in financial service company and electronic trading platform Robinhood Markets, Inc. was a top detractor from relative returns. </td></tr></table><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <img alt="LOGO" src="g897067g14f57.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">            </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Retu<div style="display:inline;">rns</div> as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Goldman Sachs Mid Cap Value Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">9.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">9.66%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">10.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">15.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">11.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">9.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">9.39%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6.75pt"> </td> <td style="width:15pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/Goldman Sachs Mid Cap Value Portfolio (Class IB) 0.0922 0.0966 0.1042 Russell 1000® Index 0.1737 0.1359 0.15 Russell Midcap® Value Index 0.1105 0.0983 0.0939 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">171,190,114 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">96 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,083,934</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">97%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 171190114 96 1083934 0.97 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Ross Stores, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Rockwell Automation, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Coca-Cola Europacific Partners plc</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Rentals, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Airlines Holdings, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Martin Marietta Materials, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">AMETEK, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">L3Harris Technologies, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cencora, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Phillips 66</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.174 0.173 0.089 0.087 0.082 0.08 0.077 0.077 0.072 0.049 0.022 0.007 0.011 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Ross Stores, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Rockwell Automation, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Coca-Cola Europacific Partners plc</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Rentals, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Airlines Holdings, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Martin Marietta Materials, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">AMETEK, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">L3Harris Technologies, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cencora, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Phillips 66</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.024 0.024 0.023 0.022 0.022 0.021 0.017 0.017 0.017 0.016 EQ/GOLDMAN SACHS MODERATE GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Goldman Sachs Moderate Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a perc<div style="display:inline;">entag</div>e of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$117</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.11%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 6pt; font-family: ARIAL; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 117 0.0111 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 4pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 10.02% for the year ended December 31, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to U.S. large cap equity contributed to returns.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s allocation to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-U.S.</div> equity also contributed to returns.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">large-cap</div> stocks outperformed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">small-cap</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">mid-cap</div> stocks during the period. As a result, the Portfolio’s overweight of U.S. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">small-cap</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">mid-cap</div> stocks detracted from returns relative to the benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility triggered by tariff concerns, equity exposure was reduced in April. The reduction had a negative impact on the Portfolio’s return versus the benchmark.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s exposure to U.S. Treasuries did not contribute meaningfully to returns.</div></div></div><div style="font-size: 24pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g43o56.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:69%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Goldman Sachs Moderate Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.02%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.02%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Goldman Sachs Moderate Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.45%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Goldman Sachs Moderate Growth Allocation Portfolio (Class IB) 0.1002 0.0502 0.0576 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Goldman Sachs Moderate Growth Allocation Index 0.1483 0.0745 0.0848 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">859,769,203 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">515 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$5,602,607</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">254%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 859769203 515 5602607 2.54 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Rights</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px"># </div> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:5pt; font-size:8pt; font-family:ARIAL"># Less than 0.05% </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.41 0.303 0.105 0.04 0.032 0.032 0.029 0.025 0.014 0.009 0.007 0.005 0.005 0 0.243 0.044 EQ/INTERMEDIATE CORPORATE BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Intermediate Corporate Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$68</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.65%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 68 0.0065 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and <div style="display:inline;">what </div>affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 9.06% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s overweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">six-</div> to seven-year and three- to four-year parts of the curve contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, an overweight to high-yield corporate bonds contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Security selection within investment-grade corporate bonds contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s underweight exposure in the four- to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">five-year</div> and seven- to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">ten-year</div> parts of the curve detracted, as did the overweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">five-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">six-year</div> part of the curve. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, exposure to U.S. Treasuries was the only significant detractor. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g03k41.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:76%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:3%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.06%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.50%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.30%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">3.83%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Credit Corporate <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">5-10</div> Year Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.58%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.25%</td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6pt"> </td> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: April 3, 2023 </div></td></tr></table> EQ/Intermediate Corporate Bond Portfolio (Class IB) 0.0906 0.055 Bloomberg U.S. Aggregate Bond Index 0.073 0.0383 Bloomberg U.S. Credit Corporate 5-10 Year Index 0.0958 0.0625 2023-04-03 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">1,463,008,712 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">433 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">$4,178,544</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">44%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> 1463008712 433 4178544 0.44 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio i<div style="display:inline;">nve</div>st in? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; font-size:8pt; font-family:ARIAL">* Includes U.S. Treasury Obligations of 0.2%. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.316 0.105 0.095 0.09 0.085 0.067 0.055 0.051 0.046 0.045 0.025 0.03 -0.01 EQ/INTERMEDIATE CORPORATE BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Intermediate Corporate Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the <div style="display:inline;">last </div>year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$42</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.40%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 42 0.004 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 9.21% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What <div style="display:inline;">contributed </div>to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s overweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">six-</div> to seven-year and three- to four-year parts of the curve contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, an overweight to high-yield corporate bonds contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Security selection within investment-grade corporate bonds contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s underweight exposure in the four- to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">five-year</div> and seven- to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">ten-year</div> parts of the curve detracted, as did the overweight exposure in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">five-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">six-year</div> part of the curve. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, exposure to U.S. Treasuries was the only significant detractor. </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g03k44.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Corporate Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.21%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.75%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">3.83%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Credit Corporate <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">5-10</div> Year Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.58%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.25%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:21pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: April 3, 2023 </div></td></tr></table> EQ/Intermediate Corporate Bond Portfolio (Class K) 0.0921 0.0575 Bloomberg U.S. Aggregate Bond Index 0.073 0.0383 Bloomberg U.S. Credit Corporate 5-10 Year Index 0.0958 0.0625 2023-04-03 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">1,463,008,712 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">433 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">$4,178,544</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">44%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1463008712 433 4178544 0.44 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.0%</td> <td style="white-space:nowrap;vertical-align:bottom">* </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; font-size:8pt; font-family:ARIAL">* Includes U.S. Treasury <div style="display:inline;">Obligations </div>of 0.2%. </div> 0.316 0.105 0.095 0.09 0.085 0.067 0.055 0.051 0.046 0.045 0.025 0.03 -0.01 EQ/INTERMEDIATE GOVERNMENT BOND PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Intermediate Government Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$64</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.62%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 64 0.0062 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IA shares returned 5.51% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the <div style="display:inline;">year</div>? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Despite volatility in the first half of the year, the second half proved stronger, and intermediate-term government bonds generally delivered positive returns for the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The allocation to U.S. Treasury Obligations contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, exposure to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">3-year</div> segment of the market contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The allocation to U.S. Government Agency securities detracted from performance. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <img alt="LOGO" src="g897067g03k47.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.51%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">0.30%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">1.14%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.30%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">-0.36%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">2.01%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.50%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">0.64%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">1.76%</td></tr></table> EQ/Intermediate Government Bond Portfolio (Class IA) 0.0551 0.003 0.0114 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">4,015,553,933 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">224 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">$10,855,759</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">38%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 4015553933 224 10855759 0.38 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio <div style="display:inline;">invest </div>in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.49 0.421 0.074 0.003 0.006 0.006 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IA shares was lowered from 0.64% to 0.62%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IA shares was lowered from 0.64% to 0.62%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/INTERMEDIATE GOVERNMENT BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Intermediate Government Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$64</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.62%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 64 0.0062 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 5.54% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold"><div style="display:inline;">What </div>contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Despite volatility in the first half of the year, the second half proved stronger, and intermediate-term government bonds generally delivered positive returns for the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The allocation to U.S. Treasury Obligations contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, exposure to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">3-year</div> segment of the market contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The allocation to U.S. Government Agency securities detracted from performance. </td></tr></table> <img alt="LOGO" src="g897067g03k50.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.54%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.15%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div></div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.36%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.01%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.50%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.64%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.76%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Intermediate Government Bond Portfolio (Class IB) 0.0554 0.003 0.0115 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">4,015,553,933 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">224 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">$10,855,759</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">38%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 4015553933 224 10855759 0.38 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.49 0.421 0.074 0.003 0.006 0.006 <div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the <div style="display:inline;">Portfolio</div></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.64% to 0.62%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses.</div><div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.64% to 0.62%. The expense limit includes amounts payable pursuant to Rule <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">12b-1</div> under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/INTERMEDIATE GOVERNMENT BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Intermediate Government Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$38</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.37%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 38 0.0037 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 5.87% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Despite volatility in the first half of the year, the second half proved stronger, and intermediate-term government bonds generally delivered positive returns for the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The allocation to U.S. Treasury Obligations contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a duration perspective, exposure to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-</div> to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">3-year</div> segment of the market contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The allocation to U.S. Government Agency securities detracted from performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> <img alt="LOGO" src="g897067g03k53.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:6pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:6pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Intermediate Government Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.87%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="24" style="vertical-align:top"></td> <td colspan="24" style="vertical-align:top"></td></tr></table> EQ/Intermediate Government Bond Portfolio (Class K) 0.0587 0.0056 0.014 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4,015,553,933 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">224 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$10,855,759</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">38%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 4015553933 224 10855759 0.38 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Government Agency Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Treasury Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Corporate Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.49 0.421 0.074 0.003 0.006 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.39% to 0.37%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div></td></tr></table> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.39% to 0.37%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/INTERNATIONAL CORE MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/International Core Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:top;text-align:center">$118</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.04%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 118 0.0104 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 26.12% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to absolute performance were Financials, Industrials, and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Taiwan Semiconductor Manufacturing Co. Ltd., Leonardo SpA, an aerospace, defense, and security company, Barclays plc, a British bank, Samsung Electronics Co. Ltd., a South Korean technology and electronics company, and ASML Holdings NV, a manufacturer of photolithography machines. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the least to absolute performance were Real Estate and Energy. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Novo Nordisk A/S, a Danish pharmaceutical company, and Diageo plc, a British alcoholic beverage company. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03k56.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31<div style="display:inline;">/</div>25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Core Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">26.12%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.52%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.48%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">31.22%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.92%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.18%</td></tr></table> EQ/International Core Managed Volatility Portfolio (Class IB) 0.2612 0.0752 0.0748 MSCI EAFE® Index 0.3122 0.0892 0.0818 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,208,261,126 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">801 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$6,931,743</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1208261126 801 6931743 0.13 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Japan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Kingdom</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United States</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">France</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Germany</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Australia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Netherlands</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Switzerland</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Spain</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Italy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.147 0.102 0.081 0.075 0.074 0.04 0.034 0.031 0.024 0.024 0.172 0.184 0.156 0.094 0.091 0.084 0.054 0.054 0.031 0.023 0.022 0.011 0.091 0.019 0.086 EQ/INTERNATIONAL CORE MANAGED VOLATILITY PORTFOLIO CLASS K This <div style="display:inline;">annual shareholder report </div>contains important information about the EQ/International Core Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$89</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.79%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 89 0.0079 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 26.31% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Financials, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Taiwan Semiconductor Manufacturing Co. Ltd., Leonardo SpA, an aerospace, defense, and security company, Barclays plc, a British bank, Samsung Electronics Co. Ltd., a South Korean technology and electronics company, and ASML Holdings NV, a manufacturer of photolithography machines.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to absolute performance were Real Estate and Energy.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Novo Nordisk A/S, a Danish pharmaceutical company, and Diageo plc, a British alcoholic beverage company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03k59.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Core Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">26.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.77%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.74%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/International Core Managed Volatility Portfolio (Class K) 0.2631 0.0777 0.0774 MSCI EAFE® Index 0.3122 0.0892 0.0818 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,208,261,126 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">801 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,931,743</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1208261126 801 6931743 0.13 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Switzerland</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.147 0.102 0.081 0.075 0.074 0.04 0.034 0.031 0.024 0.024 0.172 0.184 0.156 0.094 0.091 0.084 0.054 0.054 0.031 0.023 0.022 0.011 0.091 0.019 0.086 EQ/INTERNATIONAL EQUITY INDEX PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/International Equity Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:top;text-align:center">$83</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.72%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 83 0.0072 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IA shares returned 31.53% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Financials, Industrials, and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were ASML Holding NV, a leading supplier of photolithography systems, Banco Santander, S.A., HSBC Holdings plc, Banco Bilbao Vizcaya Argentaria, S.A., a multinational financial services group, and AstraZeneca, a biopharmaceutical company. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Real Estate, Communication Services, and Energy. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Diageo plc, a British alcoholic beverage company, CSL, a supplier of construction products, Wolters Kluwer, N.V., a company that provides information, software, and services for professionals, Recruit Holdings Co., Ltd., an HR technology company, and Rheinmetall AG, a German defense technology company. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03k62.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="display:inline;">1 </div>Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">31.53%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.91%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.07%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">31.22%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.92%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.18%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">International Proxy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">32.07%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">10.61%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.75%</td></tr></table> EQ/International Equity Index Portfolio (Class IA) 0.3153 0.0991 0.0807 MSCI EAFE® Index 0.3122 0.0892 0.0818 International Proxy Index 0.3207 0.1061 0.0875 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top">Net Assets</td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">2,122,321,515 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top">Number of Portfolio Holdings</td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">1,209 </td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right">$6,117,156</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">8%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 2122321515 1209 6117156 0.08 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Japan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Kingdom</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Germany</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">France</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Australia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United States</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Netherlands</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Spain</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Italy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.242 0.188 0.12 0.111 0.103 0.063 0.053 0.042 0.033 0.006 0.021 0.239 0.192 0.109 0.095 0.08 0.076 0.065 0.044 0.035 0.033 0.014 0.004 0.005 0.009 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:97%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:2%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right"> </td></tr></table> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/INTERNATIONAL EQUITY INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/International Equity Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">(Based on a hypothetical $10,000 investment) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$83</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.72%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 83 0.0072 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 31.46% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Financials, Industrials, and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were ASML Holding NV, a leading supplier of photolithography systems, Banco Santander, S.A., HSBC Holdings plc, Banco Bilbao Vizcaya Argentaria, S.A., a multinational financial services group, and AstraZeneca, a biopharmaceutical company. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Real Estate, Communication Services, and Energy. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Diageo plc, a British alcoholic beverage company, CSL, a supplier of construction products, Wolters Kluwer, N.V., a company that provides information, software, and services for professionals, Recruit Holdings Co., Ltd., an HR technology company, and Rheinmetall AG, a German defense technology company. </td></tr></table></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03k65.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">31.46%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.07%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">31.22%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.92%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.18%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">International Proxy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">32.07%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.61%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.75%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/International Equity Index Portfolio (Class IB) 0.3146 0.0991 0.0807 MSCI EAFE® Index 0.3122 0.0892 0.0818 International Proxy Index 0.3207 0.1061 0.0875 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,122,321,515 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,209 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,117,156</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">8%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 2122321515 1209 6117156 0.08 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Japan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Kingdom</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Germany</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">France</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Australia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United States</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Netherlands</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Spain</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Italy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.242 0.188 0.12 0.111 0.103 0.063 0.053 0.042 0.033 0.006 0.021 0.239 0.192 0.109 0.095 0.08 0.076 0.065 0.044 0.035 0.033 0.014 0.004 0.005 0.009 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:97%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:2%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin: 0pt 0.56em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 4pt; margin-bottom: 1pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at <div style="display:inline;">https://equitable-funds.com</div> or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">1-877-222-2144</div>.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at <div style="display:inline;">https://equitable-funds.com</div> or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">1-877-222-2144</div>.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/INTERNATIONAL EQUITY INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/International Equity Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$54</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.47%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 54 0.0047 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 31.79% for the year ended December 31, 2025.</div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Financials, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were ASML Holding NV, a leading supplier of photolithography systems, Banco Santander, S.A., HSBC Holdings plc, Banco Bilbao Vizcaya Argentaria, S.A., a multinational financial services group, and AstraZeneca, a biopharmaceutical company.</div></div></div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Real Estate, Communication Services, and Energy.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Diageo plc, a British alcoholic beverage company, CSL, a supplier of construction products, Wolters Kluwer, N.V., a company that provides information, software, and services for professionals, Recruit Holdings Co., Ltd., an HR technology company, and Rheinmetall AG, a German defense technology company.</div></div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03k68.jpg" style="width:6.31944in;height:3.13375in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Equity Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.35%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">International Proxy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">32.07%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/International Equity Index Portfolio (Class K) 0.3179 0.102 0.0835 MSCI EAFE® Index 0.3122 0.0892 0.0818 International Proxy Index 0.3207 0.1061 0.0875 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,122,321,515 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,209 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,117,156</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">8%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 2122321515 1209 6117156 0.08 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">China</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><br/></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">0.9%</div><br/></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><br/></td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div> 0.242 0.188 0.12 0.111 0.103 0.063 0.053 0.042 0.033 0.006 0.021 0.239 0.192 0.109 0.095 0.08 0.076 0.065 0.044 0.035 0.033 0.014 0.004 0.005 0.009 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:97%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:2%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin: 0pt 0.56em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the <div style="display:inline;">Portfolio’s </div>current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the <div style="display:inline;">Portfolio’s </div>current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/INTERNATIONAL VALUE MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/International Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year?   </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)  </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$118</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.04%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 118 0.0104 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 26.66% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to absolute performance were Financials, Industrials, and Consumer Discretionary. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were ASML Holdings NV, a leading supplier of photolithography systems, Bayer AG, a global life science company, and BNP Paribas SA, a European bank. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the least to absolute performance were Real Estate and Communication Services. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were WPP plc, an advertising company, and Diageo plc, a British alcoholic beverage company. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery. </td></tr></table></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a71.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Value Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">26.66%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.75%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.77%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">31.22%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.92%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.18%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">International Proxy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">32.07%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.61%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.75%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/International Value Managed Volatility Portfolio (Class IB) 0.2666 0.0775 0.0677 MSCI EAFE® Index 0.3122 0.0892 0.0818 International Proxy Index 0.3207 0.1061 0.0875 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,028,778,198 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,626 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$5,883,985</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">23%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1028778198 1626 5883985 0.23 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in?  </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025)  </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Japan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Kingdom</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Germany</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">France</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Australia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Netherlands</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United States</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Italy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Spain</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.164 0.153 0.134 0.133 0.07 0.052 0.051 0.026 0.025 0.014 0.069 0.189 0.18 0.127 0.089 0.082 0.081 0.06 0.027 0.026 0.02 0.01 0.002 0.011 0.096 EQ/INTERNATIONAL VALUE MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/International Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$90</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.79%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 90 0.0079 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 27.00% for the year ended December 31, 2025.</div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Financials, Industrials, and Consumer Discretionary.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were ASML Holdings NV, a leading supplier of photolithography systems, Bayer AG, a global life science company, and BNP Paribas SA, a European bank.</div></div></div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to absolute performance were Real Estate and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were WPP plc, an advertising company, and Diageo plc, a British alcoholic beverage company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a74.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/<div style="display:inline;">25</div></div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/International Value Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">27.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.04%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">31.22%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.92%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.18%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">International Proxy Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">32.07%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.75%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/International Value Managed Volatility Portfolio (Class K) 0.27 0.0801 0.0704 MSCI EAFE® Index 0.3122 0.0892 0.0818 International Proxy Index 0.3207 0.1061 0.0875 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,028,778,198 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,626 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$5,883,985</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">23%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1028778198 1626 5883985 0.23 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">16.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">15.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chain</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:30pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.164 0.153 0.134 0.133 0.07 0.052 0.051 0.026 0.025 0.014 0.069 0.189 0.18 0.127 0.089 0.082 0.081 0.06 0.027 0.026 0.02 0.01 0.002 0.011 0.096 EQ/INVESCO COMSTOCK PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Invesco Comstock Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$108</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.00%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 108 0.01 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 16.93% for the year ended December 31, 2025.</div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Financials, Health Care, and Consumer Discretionary sectors contributed the most to the Portfolio’s return relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Financials sector, large diversified and regional banks performed well amid resilient credit quality, stabilizing net interest margins, improved capital return expectations, and easing regulatory pressures. Holdings such as Bank of America Corp., Wells Fargo &amp; Co., Citizens Financial Group, Inc., and Huntington Bancshares, Inc. benefited from improved earnings visibility and stronger investor sentiment.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Health Care sector, CVS Health Corp. and Elevance Health, Inc., a health insurance company, were top contributors. CVS Health benefited from improved execution across its healthcare services platform, including stabilization in pharmacy operations and progress integrating care delivery and benefits.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Consumer Discretionary sector, eBay Inc. was a top contributor.</div></div></div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology, Communication Services, and Consumer Staples sectors detracted from the Portfolio’s return relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Information Technology sector, not holding certain stocks (including Micron Technology, Inc., Advanced Micro Devices, Inc., Applied Materials, Inc., and Analog Devices, Inc.) detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Communication Services sector, Alphabet Inc. and Charter Communications, Inc. detracted due to weaker than expected advertising trends, competitive pressures, and ongoing subscriber losses.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s cash position also detracted from performance.</div></div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a77.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Comstock Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.93%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.99%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.71%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Invesco Comstock Portfolio (Class IB) 0.1693 0.1499 0.1171 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">329,945,792 </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">83 </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,894,918</td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">21%</td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 329945792 83 1894918 0.21 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:87%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CVS Health Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cisco Systems, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">FedEx Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Citigroup, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.204 0.178 0.116 0.105 0.083 0.081 0.068 0.057 0.037 0.027 0.008 0.017 0.019 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CVS Health Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cisco Systems, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">FedEx Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Citigroup, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.037 0.034 0.027 0.027 0.027 0.026 0.023 0.022 0.02 0.018 EQ/INVESCO COMSTOCK PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Invesco Comstock Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$81</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.75%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div> 81 0.0075 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 17.20% for the year ended December 31, 2025.</div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Financials, Health Care, and Consumer Discretionary sectors contributed the most to the Portfolio’s return relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Financials sector, large diversified and regional banks performed well amid resilient credit quality, stabilizing net interest margins, improved capital return expectations, and easing regulatory pressures. Holdings such as Bank of America Corp., Wells Fargo &amp; Co., Citizens Financial Group, Inc., and Huntington Bancshares, Inc. benefited from improved earnings visibility and stronger investor sentiment.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Health Care sector, CVS Health Corp. and Elevance Health, Inc., a health insurance company, were top contributors. CVS Health benefited from improved execution across its healthcare services platform, including stabilization in pharmacy operations and progress integrating care delivery and benefits.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Consumer Discretionary sector, eBay Inc. was a top contributor.</div></div></div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology, Communication Services, and Consumer Staples sectors detracted from the Portfolio’s return relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Information Technology sector, not holding certain stocks (including Micron Technology, Inc., Advanced Micro Devices, Inc., Applied Materials, Inc., and Analog Devices, Inc.) detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Within the Communication Services sector, Alphabet Inc. and Charter Communications, Inc. detracted due to weaker than expected advertising trends, competitive pressures, and ongoing subscriber losses.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s cash position also detracted from performance.</div></div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a80.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Comstock Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.27%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.98%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Invesco Comstock Portfolio (Class K) 0.172 0.1527 0.1198 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">329,945,792 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">83 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,894,918</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">21%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 329945792 83 1894918 0.21 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CVS Health Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cisco Systems, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">FedEx Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Citigroup, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.204 0.178 0.116 0.105 0.083 0.081 0.068 0.057 0.037 0.027 0.008 0.017 0.019 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">CVS Health Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cisco Systems, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">FedEx Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Citigroup, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table> 0.037 0.034 0.027 0.027 0.027 0.026 0.023 0.022 0.02 0.018 EQ/INVESCO GLOBAL PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Invesco Global Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$118</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td></tr></table></div> 118 0.011 <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 15.40% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s underweight position in the Consumer Staples sector contributed to the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Lam Research Corporation, a leading provider of wafer fabrication equipment for the semiconductor industry, was a top contributor. The company benefited from strong demand for advanced semiconductor tools.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Not holding Apple Inc. contributed to the Portfolio’s performance relative to its benchmark index, as the company underperformed during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology and Real Estate sectors detracted the most from the Portfolio’s return relative to its benchmark index. The Portfolio’s overweight position in Real Estate further weighed on performance, as it was the weakest sector during the period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Marvell Technology, Inc., a global semiconductor company, detracted from performance. During the year, the company faced uncertainty relating to the timing and magnitude of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">AI-related</div> revenues.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">DLF Ltd., a leading Indian real estate developer, also detracted. The company’s stock declined due to overall sector weakness and mixed financial performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a83.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Global Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.72%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI Growth (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">22.44%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.99%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> EQ/Invesco Global Portfolio (Class IB) 0.154 0.0695 0.1059 MSCI ACWI (Net) Index 0.2234 0.1119 0.1172 MSCI ACWI Growth (Net) Index 0.2244 0.1112 0.1399 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">522,207,846 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">62 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,444,550</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">26%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 522207846 62 3444550 0.26 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">67.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">India</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">China</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Switzerland</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">33.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.671 0.059 0.049 0.045 0.024 0.024 0.024 0.023 0.021 0.019 0.035 0.334 0.218 0.13 0.12 0.105 0.049 0.029 0.009 0.005 0.001 EQ/INVESCO GLOBAL REAL ASSETS PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Invesco Global Real Assets Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$125</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.16%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 125 0.0116 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 15.93% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection within the Infrastructure sector was the largest contributor to the Portfolio’s return relative to its benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection within the Natural Resources sector and a slight underweight position in the sector also contributed to relative return. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection within the Real Estate sector, as well as an overweight position in the sector, provided positive absolute returns, but detracted from the Portfolio’s return relative to its benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection within the Timber sector detracted from relative returns and was the only sector to detract from absolute returns in the period. </td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a86.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:63%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td style="vertical-align:bottom;width:3%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Global Real Assets Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">15.93%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.11%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.77%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">21.09%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.15%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.97%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P Real Assets Equity (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.49%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.15%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.93%</td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6pt"> </td> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/Invesco Global Real Assets Portfolio (Class IB) 0.1593 0.0711 0.0577 MSCI World (Net) Index 0.2109 0.1215 0.1297 S&P Real Assets Equity (Net) Index 0.1449 0.0715 0.0593 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">220,906,831 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">106 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$1,571,716</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">112%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 220906831 106 1571716 1.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United States</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">57.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Canada</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">United Kingdom</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">France</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Australia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Germany</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Japan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Italy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Hong Kong</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:24pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.574 0.106 0.075 0.068 0.022 0.02 0.017 0.015 0.012 0.011 0.068 0.428 0.191 0.147 0.137 0.055 0.018 0.01 0.002 0.015 -0.003 EQ/INVESCO MODERATE ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Invesco Moderate Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$119</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.13%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 119 0.0113 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 9.42% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s allocation to international equities was the main driver of absolute return. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Allocations to fixed income, U.S. Large Cap, U.S. Small Cap, and U.S. Mid Cap equities also contributed to absolute performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Implementation of the volatility management strategy was a drag on performance during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Market volatility was sharp but short-lived, resulting in V-shaped recoveries of the equity markets, during which hedging detracted from performance. </td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g03a89.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Arial MT; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr style="visibility:hidden; line-height:0pt; color:white"> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="visibility:hidden; line-height:0pt; color:white"> <td></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">                </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">                </div></div></td> <td colspan="5" style="white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">                </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Moderate Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">9.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">4.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">5.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Moderate Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">14.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">6.10%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">6.87%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr></table> EQ/Invesco Moderate Allocation Portfolio (Class IB) 0.0942 0.0461 0.0529 S&P 500® Index 0.1788 0.1442 0.1482 EQ/Invesco Moderate Allocation Index 0.1415 0.061 0.0687 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">377,104,260 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">574 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$2,643,347</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">74%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 377104260 574 2643347 0.74 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in?  </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025)  </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:8%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:3%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type &amp; Sector (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">32.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Rights</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%#</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left">#</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.495 0.324 0.112 0.043 0.034 0.034 0.031 0.027 0.015 0.009 0.007 0.006 0.006 0 0.148 0.033 EQ/INVESCO MODERATE GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Invesco Moderate Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$119</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.12%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 119 0.0112 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 12.63% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s allocation to international equities was the main driver of absolute return. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Allocations to fixed income, U.S. Large Cap, U.S. Small Cap, and U.S. Mid Cap equities also contributed to absolute performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Implementation of the volatility management strategy was a drag on performance during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Market volatility was sharp but short-lived, resulting in V-shaped recoveries of the equity markets, during which hedging detracted from performance. </td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt; margin-left:1%;margin-right:1%;text-align:center"> <img alt="LOGO" src="g897067g03a92.jpg" style="width:6.30556in;height:3.21797in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Moderate Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.63%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.89%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.54%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.42%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">16.22%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Invesco Moderate Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.04%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.22%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.25%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Credit Corporate <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">5-10</div> Year Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.58%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.86%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">3.58%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6pt"> </td> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 1, 2019 </div></td></tr></table> EQ/Invesco Moderate Growth Allocation Portfolio (Class IB) 0.1263 0.0589 0.0754 S&P 500® Index 0.1788 0.1442 0.1622 EQ/Invesco Moderate Growth Allocation Index 0.1704 0.0722 0.0925 Bloomberg U.S. Credit Corporate 5-10 Year Index 0.0958 0.0086 0.0358 2019-02-01 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">424,550,102 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">938 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$2,741,061</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">28%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 424550102 938 2741061 0.28 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type &amp; Sector (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Common Stocks</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">36.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Rights</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"># </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div> 0.392 0.134 0.047 0.035 0.032 0.03 0.03 0.025 0.021 0.038 0.367 0.127 0.049 0.039 0.038 0.035 0.03 0.017 0.01 0.022 0 0.235 0.006 EQ/JANUS ENTERPRISE PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Janus Enterprise Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3.75pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3.75pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3.75pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">$108</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">1.04%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 108 0.0104 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:10pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 8.05% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the Information Technology sector were strong drivers of performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings in the Industrials sector also contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">AppLovin Corp., a mobile technology company, Flex Ltd., a manufacturing company, and Ryanair Holdings plc, Europe’s largest low-cost airline, were notable contributors.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the Real Estate sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings in the Health Care and Energy sectors were modest detractors from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Constellation Software, Inc., CarMax, Inc., and Teleflex Incorporated, a provider of specialty medical devices, were the largest detractors from absolute returns.</div></div></div><div style="font-size: 24pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g03a95.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Janus Enterprise Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.61%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.66%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.65%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.49%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> EQ/Janus Enterprise Portfolio (Class IB) 0.0805 0.0706 0.1061 Russell 1000® Index 0.1737 0.1359 0.1459 Russell Midcap® Growth Index 0.0866 0.0665 0.1249 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,464,925,379 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">77 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,669,650</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 1464925379 77 9669650 0.20 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.0</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.7</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Flex Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ferguson Enterprises, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SS&amp;C Technologies Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">LPL Financial Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JB Hunt Transport Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Revvity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boston Scientific Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intact Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.28 0.227 0.161 0.097 0.078 0.048 0.03 0.026 0.014 0.006 0.004 0.013 0.016 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Flex Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ferguson Enterprises, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SS&amp;C Technologies Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">LPL Financial Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JB Hunt Transport Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Revvity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boston Scientific Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intact Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2</td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table> 0.04 0.035 0.03 0.029 0.027 0.024 0.024 0.024 0.023 0.022 EQ/JANUS ENTERPRISE PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Janus Enterprise Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$83</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.79%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div> 83 0.0079 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 8.34% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the Information Technology sector were strong drivers of performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings in the Industrials sector also contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">AppLovin Corp., a mobile technology company, Flex Ltd., a manufacturing company, and Ryanair Holdings plc, Europe’s largest low-cost airline, were notable contributors.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Investments in the Real Estate sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings in the Health Care and Energy sectors were modest detractors from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Constellation Software, Inc., CarMax, Inc., and Teleflex Incorporated, a provider of specialty medical devices, were the largest detractors from absolute returns.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g03a98.jpg" style="width:6.30556in;height:3.21797in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Janus Enterprise Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.66%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.65%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.49%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Janus Enterprise Portfolio (Class K) 0.0834 0.0734 0.1089 Russell 1000® Index 0.1737 0.1359 0.1459 Russell Midcap® Growth Index 0.0866 0.0665 0.1249 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,464,925,379 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">77 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,669,650</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1464925379 77 9669650 0.20 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">28.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Flex Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ferguson Enterprises, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SS&amp;C Technologies Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">LPL Financial Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JB Hunt Transport Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Revvity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boston Scientific Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intact Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.28 0.227 0.161 0.097 0.078 0.048 0.03 0.026 0.014 0.006 0.004 0.013 0.016 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AppLovin Corp., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Flex Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ferguson Enterprises, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">SS&amp;C Technologies Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">LPL Financial Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JB Hunt Transport Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Revvity, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boston Scientific Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intact Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div> 0.04 0.035 0.03 0.029 0.027 0.024 0.024 0.024 0.023 0.022 EQ/JPMORGAN GROWTH ALLOCATION PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/JPMorgan Growth Allocation Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$117</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.11%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 117 0.0111 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 10.81% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s exposure to developed non-U.S. equities contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s allocation to the U.S. large cap equity asset class also contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s strategic asset allocation detracted from performance, primarily due to positioning in the U.S. small cap asset class. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Security selection and adjustments to the Portfolio’s equity allocation in connection with the implementation of the risk management framework also detracted. </td></tr></table></div> <img alt="LOGO" src="g897067g99t01.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Allocation Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.81%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.54%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.56%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.42%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.60%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.64%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.11%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.16%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.50%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.64%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: November 13, 2017 </div></td></tr></table> EQ/JPMorgan Growth Allocation Portfolio (Class IB) 0.1081 0.0654 0.0656 S&P 500® Index 0.1788 0.1442 0.146 EQ/JPMorgan Growth Allocation Index 0.1464 0.0911 0.0916 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0188 2017-11-13 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">940,858,314 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">197 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,044,244</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">67%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 940858314 197 6044244 0.67 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type &amp; Asset Class (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">49.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Equity</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">49.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">35.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">14.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.497 0.497 0.357 0.146 EQ/JPMORGAN GROWTH STOCK PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/JPMorgan Growth Stock Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div> <div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:6pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:6pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:6pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">$103</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">0.96%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 103 0.0096 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div> <div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 14.76% for the year ended December 31, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Consumer Discretionary and Financials were the biggest contributing sectors, driven primarily by stock selection. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">An underweight position in Apple Inc. was the top contributor to performance relative to the Portfolio’s benchmark index. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">An overweight position in Insmed Incorporated also contributed. The company’s outperformance was driven by the successful launch of Brinsupri, a treatment for non-cystic fibrosis bronchiectasis. </td> </tr> </table> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection in the Information Technology and Industrials sectors detracted from performance. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">An overweight position in Oracle Corp. was a top detractor. In the fourth quarter, mixed results of better-than-expected cloud revenue were offset by a miss on operating margins. Capital expenditures were also higher than expected, which, coupled with further skepticism around OpenAI’s ability to fund its future commitments, also weighed on the stock. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Not owning enough of the best performing stocks in the Portfolio’s benchmark index detracted from relative performance. </td> </tr> </table> <div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <img alt="LOGO" src="g897067g99t02.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual <div style="letter-spacing: 0px; top: 0px;display:inline;">Total Returns</div> as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="3" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="3" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="3" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Stock Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.76%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.43%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.08%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">18.56%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15.32%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">18.13%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> EQ/JPMorgan Growth Stock Portfolio (Class IB) 0.1476 0.0943 0.1408 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div> <div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">2,966,204,726 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">76 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$16,911,869</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">64%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 2966204726 76 16911869 0.64 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did <div style="letter-spacing: 0px; top: 0px;display:inline;">the Portfolio</div> invest in? </div> <div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:87%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">46.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.468 0.13 0.111 0.095 0.08 0.063 0.032 0.003 0.001 0.002 0.015 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.108 0.089 0.071 0.066 0.058 0.039 0.039 0.032 0.028 0.021 EQ/JPMORGAN GROWTH STOCK PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/JPMorgan Growth Stock Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs <div style="letter-spacing: 0px; top: 0px;display:inline;">paid</div> as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$76</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.71%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td> </tr> </table> </div> 76 0.0071 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 15.03% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Consumer Discretionary and Financials were the biggest contributing sectors, driven primarily by stock selection.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An underweight position in Apple Inc. was the top contributor to performance relative to the Portfolio’s benchmark index.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight position in Insmed Incorporated also contributed. The company’s outperformance was driven by the successful launch of Brinsupri, a treatment for non-cystic fibrosis bronchiectasis.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Information Technology and Industrials sectors detracted from performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">An overweight position in Oracle Corp. was a top detractor. In the fourth quarter, mixed results of better-than-expected cloud revenue were offset by a miss on operating margins. Capital expenditures were also higher than expected, which, coupled with further skepticism around OpenAI’s ability to fund its future commitments, also weighed on the stock.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Not owning enough of the best performing stocks in the Portfolio’s benchmark index detracted from relative performance.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g99t03.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Growth Stock Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.03%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/JPMorgan Growth Stock Portfolio (Class K) 0.1503 0.097 0.1437 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,966,204,726 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">76 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$16,911,869</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">64%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 2966204726 76 16911869 0.64 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the <div style="letter-spacing: 0px; top: 0px;display:inline;">Portfolio invest</div> in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">46.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> </table> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> </table></div> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.468 0.13 0.111 0.095 0.08 0.063 0.032 0.003 0.001 0.002 0.015 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mastercard, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> </table> 0.108 0.089 0.071 0.066 0.058 0.039 0.039 0.032 0.028 0.021 EQ/JPMORGAN HEDGED EQUITY AND PREMIUM INCOME PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/JPMorgan Hedged Equity and Premium Income Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment*</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$113</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.06%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="5" style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt; font-family: ARIAL; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 1pt; margin-left: 2em; text-indent: -2em; font-size: 8pt; font-family: ARIAL; line-height: normal;">*   Excludes fees and expenses of the underlying funds in which the Portfolio invests.</div></td></tr></table></div> 113 0.0106 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its <div style="display:inline;">performance</div>?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 12.41% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">During the period before investment strategy changes were implemented on October 27, 2025, the Portfolio’s allocation to the U.S. large cap equity asset class contributed to performance. An underweight allocation to the U.S. mid cap equity asset class and a modest underweight to U.S. Treasuries also contributed to the Portfolio’s performance relative to its benchmark during that period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">During the period October 27, 2025 to December 31, 2025, the Portfolio’s investment in the JPMorgan Equity Premium Income ETF was the top contributor to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">During the period before investment strategy changes were implemented on October 27, 2025, the Portfolio’s cash position detracted from performance. An underweight allocation to international equities also detracted from the Portfolio’s performance relative to its benchmark during that period.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The use of futures contracts to manage volatility in the second quarter detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">During the period October 27, 2025 to December 31, 2025, the Portfolio’s <div style="display:inline;">investment </div>in the JPMorgan Hedged Equity 2 Fund contributed the least to performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g99t04.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Hedged Equity and Premium Income Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.41%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">4.65%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.22%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.42%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.75%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Hedged Equity and Premium Income Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.10%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.45%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">3-Month</div> Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">4.21%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">3.19%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.22%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Franklin Moderate Allocation Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.47%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.99%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.41%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.50%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.64%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.57%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: February 22, 2016 </div></td></tr></table> EQ/JPMorgan Hedged Equity and Premium Income Portfolio (Class IB) 0.1241 0.0465 0.0522 S&P 500® Index 0.1788 0.1442 0.1575 EQ/JPMorgan Hedged Equity and Premium Income Index 0.1237 0.101 0.1045 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0222 EQ/Franklin Moderate Allocation Index 0.1547 0.0599 0.0741 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0157 2016-02-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">346,550,549 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">8 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,627,989</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">120%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 346550549 8 1627989 1.20 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the <div style="display:inline;">Portfolio </div>invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Investment Companies</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Equity Premium Income ETF</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Nasdaq Equity Premium Income ETF</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Hedged Equity 3 Fund</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Hedged Equity Fund</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Hedged Equity 2 Fund</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.499 0.493 0.109 -0.101 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Equity Premium Income ETF</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Nasdaq Equity Premium Income ETF</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Hedged Equity 3 Fund</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Hedged Equity Fund</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">JPMorgan Hedged Equity 2 Fund</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.295 0.198 0.167 0.167 0.165 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. For more complete information, you may review the Portfolio’s current prospectus, dated May 1, 2025, as supplemented July 28, 2025, or the Portfolio’s next prospectus, which we expect to be available by May 1, 2026, at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective October 27, 2025, the name of the Portfolio changed from EQ/Franklin Moderate Allocation Portfolio to EQ/JPMorgan Hedged Equity and Premium Income Portfolio; the Portfolio changed from a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advised</div> fund that invested directly in equity and fixed income securities to a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">fund-of-funds</div></div> managed by Equitable Investment Management Group, LLC (“EIM”), the Portfolio’s investment adviser; Franklin Advisers, Inc. (“Franklin”) was terminated as the investment <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio; and the Portfolio’s investment objective and principal investment strategy changed. Effective October 27, 2025, the Portfolio’s investment objective is to seek to provide long-term capital appreciation and current income, and the Portfolio pursues that objective by investing in mutual funds and exchange-traded funds (“Underlying Funds”) managed by J.P. Morgan Investment Management Inc. (“JPMorgan”) that provide exposure to broad U.S. equity markets while hedging overall market exposure and provide incremental current income by selling call options through investments in equity-linked notes. JPMorgan is not an affiliate of EIM and is not the investment adviser or an investment <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio. In connection with the changes to the Portfolio’s principal investment strategy, the principal risks of investing in the Portfolio have been updated to reflect new risks associated with the Portfolio’s investments in the Underlying Funds. In addition, effective October 27, 2025, EIM agreed to reduce the advisory fee rate at each breakpoint level in the contractual advisory fee rate schedule for the Portfolio. As a result of these changes, during the last year, the Portfolio’s Management Fee decreased and Acquired Fund Fees and Expenses increased; however, the Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement (as a percentage of the value of your investment) remained the same. </div><div style="margin-top:12pt; margin-bottom:0pt; padding-bottom:6pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">“J.P. Morgan” and “JPMorgan” are registered trademarks of J.P. Morgan Chase Bank, NA (“JPMC”) and have been licensed for use by Equitable Investment Management Group, LLC. EQ/JPMorgan Hedged Equity and Premium Income Portfolio is not sponsored, endorsed, or promoted by JPMC and JPMC makes no representation regarding the advisability of investing in EQ/JPMorgan Hedged Equity and Premium Income Portfolio. </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. For more complete information, you may review the Portfolio’s current prospectus, dated May 1, 2025, as supplemented July 28, 2025, or the Portfolio’s next prospectus, which we expect to be available by May 1, 2026, at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 Effective October 27, 2025, the name of the Portfolio changed from EQ/Franklin Moderate Allocation Portfolio to EQ/JPMorgan Hedged Equity and Premium Income Portfolio 2025-10-27 the Portfolio changed from a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advised</div> fund that invested directly in equity and fixed income securities to a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">fund-of-funds</div></div> managed by Equitable Investment Management Group, LLC (“EIM”), the Portfolio’s investment adviser; Franklin Advisers, Inc. (“Franklin”) was terminated as the investment <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio Effective October 27, 2025, the Portfolio’s investment objective is to seek to provide long-term capital appreciation and current income, and the Portfolio pursues that objective by investing in mutual funds and exchange-traded funds (“Underlying Funds”) managed by J.P. Morgan Investment Management Inc. In connection with the changes to the Portfolio’s principal investment strategy, the principal risks of investing in the Portfolio have been updated to reflect new risks associated with the Portfolio’s investments in the Underlying Funds. In connection with the changes to the Portfolio’s principal investment strategy, the principal risks of investing in the Portfolio have been updated to reflect new risks associated with the Portfolio’s investments in the Underlying Funds. In addition, effective October 27, 2025, EIM agreed to reduce the advisory fee rate at each breakpoint level in the contractual advisory fee rate schedule for the Portfolio. As a result of these changes, during the last year, the Portfolio’s Management Fee decreased and Acquired Fund Fees and Expenses increased; however, the Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement (as a percentage of the value of your investment) remained the same. EQ/JPMORGAN VALUE OPPORTUNITIES PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/JPMorgan Value Opportunities Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$102</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.95%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 102 0.0095 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 15.40% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Strong stock selection in the Information Technology sector was a key driver of performance, with 4 of the top 5 contributors coming from the sector. Data storage companies like Western Digital Corp. stood out. The company reported strong results and guidance, fueled by rising AI adoption and demand for advanced computing infrastructure. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Strong stock selection in the Consumer Staples sector also contributed to performance. Philip Morris International Inc. was a top contributor. While offering defensive characteristics, the company also delivered excellent results, primarily driven by robust growth in their smoke-free nicotine products, which are now approximately 40% of the business mix. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Weak stock selection in the Materials and Health Care sectors detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Health Care sector was under pressure early in the year due to renewed political pressures and uncertainty in a risk-on environment. UnitedHealth Group Incorporated was a notable detractor after an earnings miss and the withdrawal of guidance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection in Materials was challenged by FMC Corporation, a chemical manufacturer. Despite solid volume growth and significant cost reductions, FMC’s shares declined as management expressed caution about the financial health of Brazilian farmers, extended inventory destocking, higher tariffs, and persistent pricing pressure from generics. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g99t05.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Value Opportunities Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.40%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.77%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.08%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.33%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.53%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/JPMorgan Value Opportunities Portfolio (Class IB) 0.154 0.1277 0.1208 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,245,033,015 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">106 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$6,763,901</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">203%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 1245033015 106 6763901 2.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">21.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">12.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"># </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Humana, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Micron Technology, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Emerson Electric Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vertex Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; font-size:8pt; font-family:ARIAL"># Less than 0.05% </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.216 0.166 0.122 0.121 0.077 0.077 0.065 0.04 0.04 0.039 0.027 0.01 0 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Humana, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Micron Technology, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Emerson Electric Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vertex Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.039 0.032 0.03 0.027 0.025 0.021 0.019 0.018 0.017 0.016 EQ/JPMORGAN VALUE OPPORTUNITIES PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/JPMorgan Value Opportunities Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$75</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.70%</td></tr></table></div> 75 0.007 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:98%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 15.66% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 12pt; margin-bottom: 0pt; margin-left: 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Strong stock selection in the Information Technology sector was a key driver of performance, with 4 of the top 5 contributors coming from the sector. Data storage companies like Western Digital Corp. stood out. The company reported strong results and guidance, fueled by rising AI adoption and demand for advanced computing infrastructure.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Strong stock selection in the Consumer Staples sector also contributed to performance. Philip Morris International Inc. was a top contributor. While offering defensive characteristics, the company also delivered excellent results, primarily driven by robust growth in their smoke-free nicotine products, which are now approximately 40% of the business mix.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 12pt; margin-bottom: 0pt; margin-left: 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Weak stock selection in the Materials and Health Care sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Health Care sector was under pressure early in the year due to renewed political pressures and uncertainty in a risk-on environment. UnitedHealth Group Incorporated was a notable detractor after an earnings miss and the withdrawal of guidance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in Materials was challenged by FMC Corporation, a chemical manufacturer. Despite solid volume growth and significant cost reductions, FMC’s shares declined as management expressed caution about the financial health of Brazilian farmers, extended inventory destocking, higher tariffs, and persistent pricing pressure from generics.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td></tr></table> <img alt="LOGO" src="g897067g99t06.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/JPMorgan Value Opportunities Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.66%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/JPMorgan Value Opportunities Portfolio (Class K) 0.1566 0.1305 0.1236 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,245,033,015 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">106 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,763,901</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">203%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1245033015 106 6763901 2.03 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">21.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">12.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"># </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Humana, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Micron Technology, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Emerson Electric Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vertex Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:36pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; font-size:8pt; font-family:ARIAL"># Less than 0.05% </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.216 0.166 0.122 0.121 0.077 0.077 0.065 0.04 0.04 0.039 0.027 0.01 0 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Wells Fargo &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Humana, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Western Digital Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Micron Technology, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Emerson Electric Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vertex Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.039 0.032 0.03 0.027 0.025 0.021 0.019 0.018 0.017 0.016 EQ/LARGE CAP CORE MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Large Cap Core Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$93</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.88%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 93 0.0088 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 10.88% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to absolute performance were Information Technology, Financials, and Communication Services. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Alphabet Inc., NVIDIA Corp., Broadcom Inc., and Microsoft Corp. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the least to the Portfolio’s absolute performance were Real Estate, Energy, and Materials. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were UnitedHealth Group, ServiceNow, Inc., a cloud computing platform, and Becton Dickinson &amp; Co., a medical technology company. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g99t07.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.03%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.83%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.42%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.82%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Large Cap Core Managed Volatility Portfolio (Class IB) 0.1088 0.1203 0.1283 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,918,259,955 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">536 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$9,211,503</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">30%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 1918259955 536 9211503 0.30 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">24.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 1000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.246 0.121 0.087 0.075 0.075 0.063 0.049 0.039 0.028 0.015 0.011 0.09 0.043 0.058 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 1000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.051 0.042 0.042 0.041 0.031 0.03 0.026 0.023 0.02 0.019 EQ/LARGE CAP CORE MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Large Cap Core Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$67</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.63%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 67 0.0063 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 11.12% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to absolute performance were Information Technology, Financials, and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Alphabet Inc., NVIDIA Corp., Broadcom Inc., and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to the Portfolio’s absolute performance were Real Estate, Energy, and Materials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, ServiceNow, Inc., a cloud computing platform, and Becton Dickinson &amp; Co., a medical technology company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g99t08.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Core Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.11%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Large Cap Core Managed Volatility Portfolio (Class K) 0.1112 0.1231 0.1311 S&P 500® Index 0.1788 0.1442 0.1482 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,918,259,955 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">536 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,211,503</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">30%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1918259955 536 9211503 0.30 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 1000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.246 0.121 0.087 0.075 0.075 0.063 0.049 0.039 0.028 0.015 0.011 0.09 0.043 0.058 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Core S&amp;P 500 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Russell 1000 ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.051 0.042 0.042 0.041 0.031 0.03 0.026 0.023 0.02 0.019 EQ/LARGE CAP GROWTH INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Large Cap Growth Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$78</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.71%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 78 0.0071 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div> <div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 17.74% for the year ended December 31, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Information Technology, Communication Services, and Health Care. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were NVIDIA Corp., Broadcom Inc., Microsoft Corp., and Alphabet Inc. </td> </tr> </table> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Consumer Staples, Energy, and Real Estate. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Merck &amp; Co., a biopharmaceutical company, Salesforce, Inc., a cloud-based software company, Adobe Inc., a software company, and Trade Desk, Inc., a technology platform for advertising. </td> </tr> </table> <div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <img alt="LOGO" src="g897067g99t09.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Growth Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.74%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.51%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.26%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.56%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.32%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.13%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> EQ/Large Cap Growth Index Portfolio (Class IB) 0.1774 0.1451 0.1726 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">2,834,149,682 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">393 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$8,920,601</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">15%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 2834149682 393 8920601 0.15 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%#</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left">#</td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div> </td> </tr> </table> <div style="font-size:24pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.50 0.133 0.12 0.081 0.064 0.059 0.024 0.004 0.003 0.003 0.003 0 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.122 0.111 0.101 0.047 0.045 0.038 0.036 0.034 0.029 0.028 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Material Changes to the Portfolio</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.56em 0pt; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.56em 0pt; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144.</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/LARGE CAP GROWTH INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Large Cap Growth Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$50</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.46%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 50 0.0046 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 18.00% for the year ended December 31, 2025.</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Information Technology, Communication Services, and Health Care.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were NVIDIA Corp., Broadcom Inc., Microsoft Corp., and Alphabet Inc.</div> </div> </div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Consumer Staples, Energy, and Real Estate.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Merck &amp; Co., a biopharmaceutical company, Salesforce, Inc., a cloud-based software company, Adobe Inc., a software company, and Trade Desk, Inc., a technology platform for advertising.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g99t10.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Growth Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.55%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="23" style="vertical-align:top"></td> <td colspan="23" style="vertical-align:top"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> EQ/Large Cap Growth Index Portfolio (Class K) 0.18 0.148 0.1755 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,834,149,682 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">393 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,920,601</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">15%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 2834149682 393 8920601 0.15 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"># </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div> </td> </tr> </table> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.50 0.133 0.12 0.081 0.064 0.059 0.024 0.004 0.003 0.003 0.003 0 0.006 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.122 0.111 0.101 0.047 0.045 0.038 0.036 0.034 0.029 0.028 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt"> <td style="vertical-align:bottom;white-space:nowrap"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 6pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/LARGE CAP GROWTH MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Large Cap Growth Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$90</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.85%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 90 0.0085 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 11.06% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology, Communication Services, and Health Care. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., Microsoft Corp., and Meta Platforms, Inc. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Real Estate and Energy sectors detracted slightly from the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from absolute performance were ServiceNow, Inc., a cloud computing platform, Lululemon Athletica, Inc., an athletic apparel company, PayPal Holdings, Inc., a digital payment platform operator, Salesforce, Inc., a cloud-based software company, and Doximity, Inc., a network for healthcare professionals. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g88a01.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Growth Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Large Cap Growth Managed Volatility Portfolio (Class IB) 0.1106 0.1164 0.1501 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4,600,833,354 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">439 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$20,618,535</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">28%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 4600833354 439 20618535 0.28 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Russell 1000 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Morningstar Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street SPDR Portfolio S&amp;P 500 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.305 0.096 0.09 0.074 0.055 0.042 0.019 0.003 0.001 0.001 0.001 0.21 0.046 0.057 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Russell 1000 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Morningstar Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street SPDR Portfolio S&amp;P 500 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.07 0.068 0.055 0.052 0.051 0.046 0.042 0.034 0.032 0.031 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:98%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.56em 0pt; font-size: 9pt; font-family: ARIAL; line-height: normal;">H.S. Management Partners, LLC is no longer a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. H.S. Management Partners, LLC is no longer a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio. EQ/LARGE CAP GROWTH MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Large Cap Growth Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$63</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.60%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 63 0.006 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 3pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 11.34% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology, Communication Services, and Health Care.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., Microsoft Corp., and Meta Platforms, Inc.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Real Estate and Energy sectors detracted slightly from the Portfolio’s absolute performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from absolute performance were ServiceNow, Inc., a cloud computing platform, Lululemon Athletica, Inc., an athletic apparel company, PayPal Holdings, Inc., a digital payment platform operator, Salesforce, Inc., a cloud-based software company, and Doximity, Inc., a network for healthcare professionals.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">de-equitized,</div> which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a02.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Growth Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.34%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.13%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Large Cap Growth Managed Volatility Portfolio (Class K) 0.1134 0.1191 0.153 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Growth Index 0.1856 0.1532 0.1813 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4,600,833,354 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">439 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$20,618,535</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">28%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 4600833354 439 20618535 0.28 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">30.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">21.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Russell 1000 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Morningstar Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street SPDR Portfolio S&amp;P 500 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.305 0.096 0.09 0.074 0.055 0.042 0.019 0.003 0.001 0.001 0.001 0.21 0.046 0.057 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Russell 1000 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Morningstar Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street SPDR Portfolio S&amp;P 500 Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.07 0.068 0.055 0.052 0.051 0.046 0.042 0.034 0.032 0.031 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:98%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.56em 1pt; font-size: 9pt; font-family: ARIAL; line-height: normal;">H.S. Management Partners, LLC is no longer a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. H.S. Management Partners, LLC is no longer a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-adviser</div> to the Portfolio. EQ/LARGE CAP VALUE INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Large Cap Value Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000<br/></div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$80</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.74%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 80 0.0074 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 15.04% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Financials, Industrials, and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were Alphabet Inc., JPMorgan Chase &amp; Co., Micron Technology, Inc., and Johnson &amp; Johnson. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Real Estate, Consumer Staples, and Consumer Discretionary. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Accenture plc, a professional services company, and Procter &amp; Gamble Co. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a03.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.04%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.52%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.77%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.33%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.53%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Large Cap Value Index Portfolio (Class IB) 0.1504 0.1052 0.0977 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">978,303,158 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">876 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$3,077,079</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">18%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 978303158 876 3077079 0.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exxon Mobil Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Walmart, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Procter &amp; Gamble Co. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.222 0.129 0.121 0.112 0.084 0.074 0.072 0.057 0.043 0.04 0.039 0.002 0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 6pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exxon Mobil Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Walmart, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Procter &amp; Gamble Co. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.031 0.029 0.021 0.02 0.018 0.017 0.017 0.015 0.011 0.011 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:12pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold"> Material Changes to the Portfolio </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:99%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style="margin: 0pt 0.56em 0pt 1.11em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.56em 1pt 1.11em; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, <div style="display:inline;">t<div style="display:inline;">he Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio.</div><div style="display:inline;"></div></div> This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, <div style="display:inline;">t<div style="display:inline;">he Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio.</div><div style="display:inline;"></div></div> This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/LARGE CAP VALUE INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Large Cap Value Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$53</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.49%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 53 0.0049 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 15.31% for the <div style="display:inline;">year</div> ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Financials, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Alphabet Inc., JPMorgan Chase &amp; Co., Micron Technology, Inc., and Johnson &amp; Johnson.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Real Estate, Consumer Staples, and Consumer Discretionary.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, Inc., Fiserv, Inc., a financial technology company, Accenture plc, a professional services company, and Procter &amp; Gamble Co.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a04.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.80%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Large Cap Value Index Portfolio (Class K) 0.1531 0.108 0.1005 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">978,303,158 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">876 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,077,079</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">18%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 978303158 876 3077079 0.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exxon Mobil Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Walmart, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Procter &amp; Gamble Co. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.222 0.129 0.121 0.112 0.084 0.074 0.072 0.057 0.043 0.04 0.039 0.002 0.005 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Berkshire Hathaway, Inc., Class B</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Chase &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exxon Mobil Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Johnson &amp; Johnson</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Walmart, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Bank of America Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Procter &amp; Gamble Co. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div> 0.031 0.029 0.021 0.02 0.018 0.017 0.017 0.015 0.011 0.011 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #e5e5e5;background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt"> <td style="vertical-align:bottom;white-space:nowrap"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> Material Changes to the Portfolio</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 9pt; font-family: ARIAL; line-height: normal;">The following is a summary of certain changes to the Portfolio since January 1, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.56em 1pt; font-size: 9pt; font-family: ARIAL; line-height: normal;">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div></div></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/LARGE CAP VALUE MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Large Cap Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$90</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.86%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 90 0.0086 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and w<div style="display:inline;">hat </div>affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 10.62% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology, Financials, and Industrials. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Alphabet Inc., NVIDIA Corp., JPMorgan Chase &amp; Co., RTX Corp., an aerospace and defense conglomerate, and Microsoft Corp. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the least to the Portfolio’s absolute performance were Real Estate and Consumer Staples. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were UnitedHealth Group, home builder Lennar Corp., Adobe, Inc., a software company, Fiserv, Inc., a financial technology company, and Constellation Brands, Inc., a beverage distributor. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery. </td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a05.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.62%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.69%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.56%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.33%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.53%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Large Cap Value Managed Volatility Portfolio (Class IB) 0.1062 0.0969 0.0956 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">3,590,784,040 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">940 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$16,474,894</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 3590784040 940 16474894 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.184 0.116 0.103 0.101 0.061 0.058 0.053 0.042 0.04 0.037 0.026 0.091 0.033 0.055 EQ/LARGE CAP VALUE MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Large Cap Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$64</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.61%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 64 0.0061 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 10.86% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology, Financials, and Industrials.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Alphabet Inc., NVIDIA Corp., JPMorgan Chase &amp; Co., RTX Corp., an aerospace and defense conglomerate, and Microsoft Corp.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the least to the Portfolio’s absolute performance were Real Estate and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were UnitedHealth Group, home builder Lennar Corp., Adobe, Inc., a software company, Fiserv, Inc., a financial technology company, and Constellation Brands, Inc., a beverage distributor.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a06.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Large Cap Value Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.86%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.33%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">10.53%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Large Cap Value Managed Volatility Portfolio (Class K) 0.1086 0.0996 0.0982 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">3,590,784,040 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">940 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$16,474,894</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 3590784040 940 16474894 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Real Estate</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Exchange Traded Funds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:6pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.184 0.116 0.103 0.101 0.061 0.058 0.053 0.042 0.04 0.037 0.026 0.091 0.033 0.055 EQ/LAZARD EMERGING MARKETS EQUITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Lazard Emerging Markets Equity Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$163</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.35%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 163 0.0135 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 42.06% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Financials and Consumer Discretionary sectors contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in Indonesia and Taiwan contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">SK Hynix, Inc., a South Korean manufacturer of semiconductors, reported record third quarter earnings on the back of high AI-related demand for its chips.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Taiwan Semiconductor Manufacturing Co. Ltd. reported better than expected third quarter results and management raised its 2025 sales growth forecast.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">OTP Bank Nyrt., a Hungarian bank, reported third quarter earnings that beat market expectations with growth in net interest income, highlighting strong core banking performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Shares of Alibaba Group Holding Ltd. rose on investor enthusiasm over potential improving growth prospects for the China-based <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">e-commerce</div> giant’s cloud and AI business segments.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Materials sector detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in Brazil and South Africa detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Shares of drugmaker Sinopharm Group Co. Ltd. fell as part of a broader decline in Chinese health care stocks to start 2025.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Tata Consultancy Services Ltd., an Indian IT services company, underperformed due to concerns around growth.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">BIM Birlesik Magazalar A/S, a Turkish retail company, underperformed as persistent inflation and currency weakness in Turkey pressured consumer purchasing power, weighing on same-store sales growth. At the same time, rising operating costs, particularly from higher wages and imported goods, squeezed margins.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Novatek Microelectronics Corp., a Taiwanese chip-designer, underperformed following a drop in net profits.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a07.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:71%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Lazard Emerging Markets Equity Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">42.06%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.84%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">9.61%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI Emerging Markets (Net Dividends) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">33.57%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">4.20%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.80%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/Lazard Emerging Markets Equity Portfolio (Class IB) 0.4206 0.1084 0.0961 MSCI Emerging Markets (Net Dividends) Index 0.3357 0.042 0.078 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">575,796,929 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">90 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,298,554</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">28%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 575796929 90 4298554 0.28 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">China</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Taiwan</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">South Korea</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Brazil</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">South Africa</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">India</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Mexico</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Indonesia</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Hungary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Greece</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Other</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Energy</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Materials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Utilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.198 0.15 0.115 0.11 0.078 0.07 0.061 0.048 0.025 0.025 0.096 0.261 0.234 0.094 0.081 0.078 0.065 0.058 0.055 0.033 0.017 0.028 -0.004 EQ/LONG-TERM BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Long-Term Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$67</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.65%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 67 0.0065 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 5.85% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s overweight exposure in the long end of the curve contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, the Portfolio’s exposure to high-yield corporate bonds contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a security selection perspective, selection within local municipal bonds contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s underweight exposure in the 7- to 10-year part of the curve detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a security selection perspective, selection within investment-grade corporate bonds and government sovereign bonds detracted from performance. </td></tr></table><div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a08.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.85%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-5.74%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Long Government/Credit Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.62%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-5.09%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: August 2, 2021 </div></td></tr></table> EQ/Long-Term Bond Portfolio (Class IB) 0.0585 -0.0574 Bloomberg U.S. Aggregate Bond Index 0.073 -0.003 Bloomberg U.S. Long Government/Credit Bond Index 0.0662 -0.0509 2021-08-02 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">2,598,730,001 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">543 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$7,303,537</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">53%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 2598730001 543 7303537 0.53 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Treasury Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Corporate Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">43.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Foreign Government Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Municipal Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Government Agency Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Supranational</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.503 0.435 0.025 0.013 0.005 0.001 0.009 0.009 EQ/LONG-TERM BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Long-Term Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$41</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.40%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 41 0.004 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 6.11% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s overweight exposure in the long end of the curve contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, the Portfolio’s exposure to high-yield corporate bonds contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a security selection perspective, selection within local municipal bonds contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a duration perspective, the Portfolio’s underweight exposure in the 7- to 10-year part of the curve detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a security selection perspective, selection within investment-grade corporate bonds and government sovereign bonds detracted from performance. </td></tr></table><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a09.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Long-Term Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.11%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-5.51%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Long Government/Credit Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.62%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-5.09%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: August 2, 2021 </div></td></tr></table> EQ/Long-Term Bond Portfolio (Class K) 0.0611 -0.0551 Bloomberg U.S. Aggregate Bond Index 0.073 -0.003 Bloomberg U.S. Long Government/Credit Bond Index 0.0662 -0.0509 2021-08-02 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,598,730,001 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">543 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$7,303,537</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">53%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 2598730001 543 7303537 0.53 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Treasury Obligations</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Corporate Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">43.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Foreign Government Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Municipal Bonds</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">U.S. Government Agency Securities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Supranational</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.503 0.435 0.025 0.013 0.005 0.001 0.009 0.009 EQ/LOOMIS SAYLES GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Loomis Sayles Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$111</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.04%</td></tr></table> 111 0.0104 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 13.08% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s positions in Alphabet Inc., NVIDIA Corporation, and Alnylam Pharmaceuticals, Inc. contributed the most to performance. </td> <td style="width:4.5pt"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection in the Consumer Staples, Industrials, and Consumer Discretionary sectors contributed to performance. </td> <td style="width:4.5pt"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Allocations in the Communication Services and Health Care sectors also contributed positively. </td> <td style="width:4.5pt"> </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s positions in Novo Nordisk A/S, a Danish pharmaceutical company, Salesforce, Inc., a software company, and Mobileye Global, Inc., an autonomous driving company, detracted the most from performance. </td> <td style="width:4.5pt"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Stock selection in the Health Care, Information Technology, Financials, and Communication Services sectors detracted from performance. </td> <td style="width:4.5pt"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Allocations in the Information Technology, Consumer Discretionary, Consumer Staples, and Financials sectors also detracted. </td> <td style="width:4.5pt"> </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <img alt="LOGO" src="g897067g88a10.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Loomis Sayles Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.08%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.72%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.87%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.15%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Loomis Sayles Growth Portfolio (Class IB) 0.1308 0.1272 0.1587 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 3000® Growth Index 0.1815 0.1459 0.1759 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">893,535,718 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">44 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$5,959,160</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">4%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 893535718 44 5959160 0.04 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Information Technology</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Communication Services</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Discretionary</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Health Care</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Financials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Industrials</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Consumer Staples</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Short-Term Investments</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Cash and Other Assets Less Liabilities</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">NVIDIA Corp.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Alphabet, Inc., Class A</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Tesla, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Meta Platforms, Inc., Class A</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Amazon.com, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Netflix, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Oracle Corp.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Boeing Co. (The)</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Visa, Inc., Class A</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Monster Beverage Corp.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.265 0.226 0.174 0.142 0.08 0.064 0.042 0.006 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">NVIDIA Corp.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Alphabet, Inc., Class A</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Tesla, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Meta Platforms, Inc., Class A</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Amazon.com, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Netflix, Inc.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Oracle Corp.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Boeing Co. (The)</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Visa, Inc., Class A</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top">Monster Beverage Corp.</td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.078 0.077 0.074 0.07 0.061 0.057 0.048 0.043 0.039 0.038 EQ/LOOMIS SAYLES GROWTH PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Loomis Sayles Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$85</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.79%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table> 85 0.0079 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 13.31% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s positions in Alphabet Inc., NVIDIA Corporation, and Alnylam Pharmaceuticals, Inc. contributed the most to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Consumer Staples, Industrials, and Consumer Discretionary sectors contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Allocations in the Communication Services and Health Care sectors also contributed positively.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s positions in Novo Nordisk A/S, a Danish pharmaceutical company, Salesforce, Inc., a software company, and Mobileye Global, Inc., an autonomous driving company, detracted the most from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Stock selection in the Health Care, Information Technology, Financials, and Communication Services sectors detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Allocations in the Information Technology, Consumer Discretionary, Consumer Staples, and Financials sectors also detracted.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g88a11.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Loomis Sayles Growth Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.99%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.59%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Loomis Sayles Growth Portfolio (Class K) 0.1331 0.1299 0.1615 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 3000® Growth Index 0.1815 0.1459 0.1759 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">893,535,718 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">44 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$5,959,160</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 893535718 44 5959160 0.04 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netflix, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oracle Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boeing Co. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Monster Beverage Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.265 0.226 0.174 0.142 0.08 0.064 0.042 0.006 0.001 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Tesla, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netflix, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oracle Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Boeing Co. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Visa, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Monster Beverage Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div> 0.078 0.077 0.074 0.07 0.061 0.057 0.048 0.043 0.039 0.038 EQ/MFS INTERNATIONAL GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/MFS International Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$121</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 121 0.011 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 20.90% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Information Technology and Industrials sectors contributed to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in the Materials and Financials sectors further aided absolute results. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Taiwan Semiconductor Manufacturing Co. Ltd., Agnico Eagle Mines Ltd., a Canadian-based gold producer, and Roche Holding AG, a Swiss healthcare company, were top contributors. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Utilities sector detracted from absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in Novo Nordisk A/S, a Danish pharmaceutical company, Diageo plc, a British alcoholic beverage company, and James Hardie Industries plc, a manufacturer of building materials, detracted from performance. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g88a12.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">20.90%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.90%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.61%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI ex USA (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">32.38%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.91%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.41%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI ex USA Growth (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">25.65%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">4.01%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.92%</td></tr></table> EQ/MFS International Growth Portfolio (Class IB) 0.209 0.069 0.0961 MSCI ACWI ex USA (Net) Index 0.3238 0.0791 0.0841 MSCI ACWI ex USA Growth (Net) Index 0.2565 0.0401 0.0792 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,440,029,678 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">86 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,802,711</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1440029678 86 9802711 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">China</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">India</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.162 0.104 0.091 0.088 0.084 0.078 0.062 0.042 0.038 0.034 0.209 0.167 0.165 0.136 0.129 0.128 0.118 0.092 0.037 0.017 0.003 0.008 EQ/MFS INTERNATIONAL GROWTH PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/MFS International Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class k</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$94</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.85%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 94 0.0085 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 21.38% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Information Technology and Industrials sectors contributed to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in the Materials and Financials sectors further aided absolute results. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Taiwan Semiconductor Manufacturing Co. Ltd., Agnico Eagle Mines Ltd., a Canadian-based gold producer, and Roche Holding AG, a Swiss healthcare company, were top contributors. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Utilities sector detracted from absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in Novo Nordisk A/S, a Danish pharmaceutical company, Diageo plc, a British alcoholic beverage company, and James Hardie Industries plc, a manufacturer of building materials, detracted from performance. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g88a13.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Growth Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">21.38%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.19%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.88%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI ex USA (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">32.38%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.91%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.41%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI ex USA Growth (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">25.65%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">4.01%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.92%</td></tr></table> EQ/MFS International Growth Portfolio (Class K) 0.2138 0.0719 0.0988 MSCI ACWI ex USA (Net) Index 0.3238 0.0791 0.0841 MSCI ACWI ex USA Growth (Net) Index 0.2565 0.0401 0.0792 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,440,029,678 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">86 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$9,802,711</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">14%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1440029678 86 9802711 0.14 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">China</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Netherlands</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">India</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">20.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.162 0.104 0.091 0.088 0.084 0.078 0.062 0.042 0.038 0.034 0.209 0.167 0.165 0.136 0.129 0.128 0.118 0.092 0.037 0.017 0.003 0.008 EQ/MFS INTERNATIONAL INTRINSIC VALUE PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/MFS International Intrinsic Value Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$134</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.15%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 134 0.0115 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:4pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 32.95% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance <div style="display:inline;">during</div> the year? </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Financials sector contributed to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Industrials sector further supported returns. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in CaixaBank SA, a Spanish financial group, Franco-Nevada Corporation, a gold-focused royalty and streaming company, and NatWest Group plc, a UK banking group, contributed to absolute performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Consumer Staples sector detracted from absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in Diageo plc, a British alcoholic beverage company, Wolters Kluwer N.V., a company that provides information, software, and services for professionals, and Dassault Systemes SE, a French software company, detracted from performance. </td></tr></table><div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:30pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a14.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS International Intrinsic Value Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">32.95%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.99%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">10.32%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">31.22%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.92%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.18%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI EAFE<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">42.25%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.36%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.82%</td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/MFS International Intrinsic Value Portfolio (Class IB) 0.3295 0.0699 0.1032 MSCI EAFE® Index 0.3122 0.0892 0.0918 MSCI EAFE® Value (Net) Index 0.4225 0.1336 0.0982 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,453,363,515 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">87 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$10,171,001</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">19%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1453363515 87 10171001 0.19 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Switzerland</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ireland</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.16 0.12 0.112 0.098 0.068 0.066 0.053 0.043 0.038 0.032 0.181 0.249 0.174 0.16 0.121 0.117 0.073 0.046 0.031 0.01 0.019 EQ/MFS MID CAP FOCUSED GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/MFS Mid Cap Focused Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$113</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 113 0.011 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 5.60% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Communication Services and Industrials sectors were the primary contributors to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">In the Industrials sector, a position in Howmet Aerospace Inc. contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">In the Communication Services sector, a position in Spotify Technology SA, a digital audio streaming service, contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Health Care sector also contributed to performance. Exact Sciences, a molecular diagnostics company, was a top contributor. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Information Technology and Consumer Discretionary sectors were the primary detractors from the Portfolio’s performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Positions in HubSpot, Inc., a developer of software products for marketing, sales, and customer service, Manhattan Associates, Inc., a supplier of supply chain and inventory software solutions, and Tyler Technologies, Inc., a software company, detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Security selection and sector allocation detracted from the Portfolio’s performance relative to the Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a15.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS Mid Cap Focused Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.60%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.09%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">10.61%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.37%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.59%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">15.00%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.66%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.65%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.57%</td></tr></table><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/MFS Mid Cap Focused Growth Portfolio (Class IB) 0.056 0.0509 0.1061 Russell 1000® Index 0.1737 0.1359 0.15 Russell Midcap® Growth Index 0.0866 0.0665 0.1257 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.5em 0pt 0.7em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio <div style="display:inline;">Statistics</div></div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.7em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">531,423,663 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">49 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,892,249</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">60%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 531423663 49 3892249 0.60 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Howmet Aerospace, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Take-Two Interactive Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Natera, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exact Sciences Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Monolithic Power Systems, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Guidewire Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TKO Group Holdings, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Quanta Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">LPL Financial Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Live Nation Entertainment, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.192 0.177 0.174 0.131 0.12 0.107 0.029 0.024 0.023 0.02 0.003 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Howmet Aerospace, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Take-Two Interactive Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Natera, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exact Sciences Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Monolithic Power Systems, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Guidewire Software, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TKO Group Holdings, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Quanta Services, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">LPL Financial Holdings, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Live Nation Entertainment, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div> 0.059 0.04 0.036 0.034 0.033 0.032 0.031 0.029 0.027 0.027 EQ/MFS TECHNOLOGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/MFS Technology Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$119</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.10%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 119 0.011 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 16.24% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Electronics, Interactive Media Services, and Computer Systems industries contributed the most to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Alphabet Inc., Broadcom Inc., and NVIDIA Corp. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the Business Services and Internet industries weighed on the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most were Salesforce, Inc., a cloud-based software company, Accenture plc, a professional services company, and Marvell Technology, Inc., a global semiconductor company. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a16.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:15pt"></td> <td></td> <td></td> <td style="width:15pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:17pt"></td> <td></td> <td></td> <td style="width:17pt"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:48pt"></td> <td></td> <td></td> <td style="width:48pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS Technology Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">16.24%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.06%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.34%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.88%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.42%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.26%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P North American Technology Sector Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">27.82%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.02%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">22.32%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/MFS Technology Portfolio (Class IB) 0.1624 0.1206 0.1734 S&P 500® Index 0.1788 0.1442 0.1526 S&P North American Technology Sector Index 0.2782 0.1802 0.2232 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,247,047,160 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">51 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,238,928</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">69%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1247047160 51 8238928 0.69 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">81.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shopify, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Advanced Micro Devices, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lam Research Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oracle Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.819 0.14 0.027 0.005 0.005 0.004 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shopify, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Advanced Micro Devices, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Lam Research Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oracle Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.099 0.092 0.084 0.083 0.077 0.051 0.047 0.033 0.025 0.024 EQ/MFS UTILITIES SERIES PORTFOLIO CLASS IB This <div style="display:inline;"></div><div style="display:inline;">annual shareholder repo</div>rt contains important information about the EQ/MFS Utilities Series Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$113</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.05%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 113 0.0105 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 14.65% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the independent power and renewable electricity producers industry contributed to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the water utilities and gas utilities industries also contributed to absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The individual holdings that contributed the most to absolute performance were three companies focused on renewable energy: Constellation Energy Corporation, RWE AG, and Enel Group SpA. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the electrical equipment industry weighed on the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The individual holdings that detracted the most from absolute performance were PG&amp;E Corporation, a U.S. utility company, Edison International, an electric utility holding company, and Generac Holdings, Inc., a manufacturer of power generation and energy management solutions. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a17.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Since</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Inception*</div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS Utilities Series Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.65%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.33%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.61%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.88%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.42%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">15.26%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI Utilities (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">23.47%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.79%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.71%</td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/MFS Utilities Series Portfolio (Class IB) 0.1465 0.0733 0.0861 S&P 500® Index 0.1788 0.1442 0.1526 MSCI ACWI Utilities (Net) Index 0.2347 0.0779 0.0871 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">230,854,090 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">52 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,389,131</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 230854090 52 1389131 0.20 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:78%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector &amp; Industry Weightings (as a % of Net<br/>Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">98.5%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Electric Utilities</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">59.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multi-Utilities</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Independent Power and Renewable Electricity Producers</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Gas Utilities</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Water Utilities</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Electrical Equipment</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NextEra Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Energy Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">PG&amp;E Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sempra</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vistra Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DTE Energy Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Dominion Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">American Electric Power Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameren Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.985 0.599 0.263 0.091 0.02 0.012 0.003 0.003 0.012 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NextEra Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Energy Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">PG&amp;E Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sempra</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vistra Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DTE Energy Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Dominion Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">American Electric Power Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameren Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.111 0.084 0.058 0.051 0.049 0.042 0.039 0.039 0.038 0.038 EQ/MFS UTILITIES SERIES PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/MFS Utilities Series Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$86</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.80%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 86 0.008 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 14.94% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the independent power and renewable electricity producers industry contributed to the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the water utilities and gas utilities industries also contributed to absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The individual holdings that contributed the most to absolute performance were three companies focused on renewable energy: Constellation Energy Corporation, RWE AG, and Enel Group SpA. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holding stocks in the electrical equipment industry weighed on the Portfolio’s absolute performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The individual holdings that detracted the most from absolute performance were PG&amp;E Corporation, a U.S. utility company, Edison International, an electric utility holding company, and Generac Holdings, Inc., a manufacturer of power generation and energy management solutions. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a18.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/MFS Utilities Series Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.94%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.61%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.89%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.88%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.42%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">15.26%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI Utilities (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">23.47%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.79%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.71%</td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt"> </td> <td style="width:10.5pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/MFS Utilities Series Portfolio (Class K) 0.1494 0.0761 0.0889 S&P 500® Index 0.1788 0.1442 0.1526 MSCI ACWI Utilities (Net) Index 0.2347 0.0779 0.0871 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">230,854,090 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">52 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,389,131</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">20%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 230854090 52 1389131 0.20 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector &amp; Industry Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">98.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.8em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Electric Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">59.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.8em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multi-Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.8em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Independent Power and Renewable Electricity Producers</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.8em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Gas Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.8em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Water Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.8em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Electrical Equipment</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Cash</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">and</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Other Assets</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Less</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NextEra Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Energy Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">PG&amp;E Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sempra</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vistra Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DTE Energy Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Dominion Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">American Electric Power Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameren Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.985 0.599 0.263 0.091 0.02 0.012 0.003 0.003 0.012 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NextEra Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Constellation Energy Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">PG&amp;E Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Xcel Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sempra</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vistra Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">DTE Energy Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Dominion Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">American Electric Power Co., Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameren Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.111 0.084 0.058 0.051 0.049 0.042 0.039 0.039 0.038 0.038 EQ/MID CAP INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Mid Cap Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:0.75pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:0.75pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:0.75pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$66</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.64%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 66 0.0064 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 6.80% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Industrials, Information Technology, and Financials. </td></tr></table><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were Ciena Corporation, a networking systems, services and software company, Lumentum Holdings Inc., a manufacturer of optical and photonic products, Comfort Systems USA, Inc., a mechanical and electrical contracting services company, Coherent Corp., a manufacturer of optical materials and semiconductors, and EchoStar Corporation, a telecommunications company. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Consumer Discretionary, Consumer Staples, and Energy. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Sarepta Therapeutics, Inc., a biopharmaceutical company, Avantor, Inc., a provider of products and services to the biopharmaceutical industry, Nutanix, Inc., an infrastructure platform provider, BellRing Brands, Inc., a nutritional products company, and Manhattan Associates, Inc., a supplier of supply chain and inventory software solutions. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a19.jpg" style="width:6.31944in;height:3.18022in"/> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Mid Cap Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.80%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.42%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.99%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.37%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.59%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.59%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P MidCap 400<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.50%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.12%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">10.72%</td></tr></table> EQ/Mid Cap Index Portfolio (Class IB) 0.068 0.0842 0.0999 Russell 1000® Index 0.1737 0.1359 0.1459 S&P MidCap 400® Index 0.075 0.0912 0.1072 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">2,626,135,967 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">407 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$6,938,418</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 2626135967 407 6938418 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:7%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0</td> <td style="white-space:nowrap;vertical-align:bottom">%<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.234 0.166 0.139 0.114 0.088 0.063 0.054 0.043 0.039 0.033 0.02 0.007 0 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.65% to 0.64%. The expense limit includes amounts payable pursuant to Rule 12b-1 under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">These changes are intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 0.65% to 0.64%. The expense limit includes amounts payable pursuant to Rule 12b-1 under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/MID CAP INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Mid Cap Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$40</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.39%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 40 0.0039 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 7.10% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Industrials, Information Technology, and Financials. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were Ciena Corporation, a networking systems, services and software company, Lumentum Holdings Inc., a manufacturer of optical and photonic products, Comfort Systems USA, Inc., a mechanical and electrical contracting services company, Coherent Corp., a manufacturer of optical materials and semiconductors, and EchoStar Corporation, a telecommunications company. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Consumer Discretionary, Consumer Staples, and Energy. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Sarepta Therapeutics, Inc., a biopharmaceutical company, Avantor, Inc., a provider of products and services to the biopharmaceutical industry, Nutanix, Inc., an infrastructure platform provider, BellRing Brands, Inc., a nutritional products company, and Manhattan Associates, Inc., a supplier of supply chain and inventory software solutions. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g88a20.jpg" style="width:6.31944in;height:3.18022in"/> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Mid Cap Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.10%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.69%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">10.26%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.37%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.59%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.59%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P MidCap 400<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.50%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.12%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">10.72%</td></tr></table> EQ/Mid Cap Index Portfolio (Class K) 0.071 0.0869 0.1026 Russell 1000® Index 0.1737 0.1359 0.1459 S&P MidCap 400® Index 0.075 0.0912 0.1072 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,626,135,967 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">407 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$6,938,418</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 2626135967 407 6938418 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td></tr></table><div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div></td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.234 0.166 0.139 0.114 0.088 0.063 0.054 0.043 0.039 0.033 0.02 0.007 0 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.40% to 0.39%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">These changes are intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.40% to 0.39%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. In addition, effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 EQ/MID CAP VALUE MANAGED VOLATILITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Mid Cap Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">1-877-222-2144.</div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$97</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.95%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 97 0.0095 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 4.98% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contrib<div style="display:inline;">u</div>ted to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to the Portfolio’s absolute performance <div style="display:inline;">were</div> Financials, Industrials, and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Mr Cooper Group, Inc., a mortgage company, Huntington Ingalls Industries, Inc., a military ship building company, WESCO International, Inc., a logistics company, and Ciena Corporation, a networking systems, services and software company. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from the Portfolio’s absolute performance were Health Care and Consumer Staples. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from absolute performance were Perrigo Co. plc, a manufacturer of personal care products, Civitas Resources, Inc., an energy company, Teleflex, Inc., a manufacturer of specialty medical devices, and Charles River Laboratories International, Inc., a scientific research and development company. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g04g92.jpg" style="width:6.31944in;height:3.18022in"/> </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Mid Cap Value Managed Volatility Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">4.98%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">7.62%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">8.20%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.37%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.59%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.59%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">11.05%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.83%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.78%</td></tr></table> EQ/Mid Cap Value Managed Volatility Portfolio (Class IB) 0.0498 0.0762 0.082 Russell 1000® Index 0.1737 0.1359 0.1459 Russell Midcap® Value Index 0.1105 0.0983 0.0978 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,517,366,556 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">789 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,187,963</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">41%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1517366556 789 8187963 0.41 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2024) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">15.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:18pt; margin-top:0pt; margin-bottom:0pt"> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.158 0.138 0.082 0.076 0.072 0.068 0.052 0.044 0.042 0.039 0.022 0.103 0.043 0.061 EQ/MID CAP VALUE MANAGED VOLATILITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Mid Cap Value Managed Volatility Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 10pt; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$71</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.70%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 71 0.007 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and <div style="display:inline;">what</div> affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 5.20% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Financials, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Mr Cooper Group, Inc., a mortgage company, Huntington Ingalls Industries, Inc., a military ship building company, WESCO International, Inc., a logistics company, and Ciena Corporation, a networking systems, services and software company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from the Portfolio’s absolute performance were Health Care and Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from absolute performance were Perrigo Co. plc, a manufacturer of personal care products, Civitas Resources, Inc., an energy company, Teleflex, Inc., a manufacturer of specialty medical devices, and Charles River Laboratories International, Inc., a scientific research and development company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Volatility management detracted from performance. In response to market volatility in April, the Portfolio de-equitized, which limited the Portfolio’s participation in the subsequent equity market recovery.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g04g95.jpg" style="width:6.31944in;height:3.18022in"/> </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:75%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Mid Cap Value Managed Volatility Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.20%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.89%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.37%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell Midcap<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.83%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.78%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Mid Cap Value Managed Volatility Portfolio (Class K) 0.052 0.0789 0.0847 Russell 1000® Index 0.1737 0.1359 0.1459 Russell Midcap® Value Index 0.1105 0.0983 0.0978 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,517,366,556 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">789 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,187,963</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">41%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1517366556 789 8187963 0.41 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">15.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">13.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:80pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.158 0.138 0.082 0.076 0.072 0.068 0.052 0.044 0.042 0.039 0.022 0.103 0.043 0.061 EQ/MONEY MARKET PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Money Market Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$68</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.67%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 68 0.0067 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year? </div> <div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IA shares returned 3.66% for the year ended December 31, 2025. </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g897067g04g97.jpg" style="width:6.31944in;height:3.18022in"/> </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:77%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Money Market Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.66%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.79%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.73%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. 3-Month Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.19%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Money Market Portfolio (Class IA) 0.0366 0.0279 0.0173 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0219 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL"><div style="display:inline;">(as </div>of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,806,280,458 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">85 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,316,609</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 2806280458 85 8316609 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest <div style="display:inline;">in</div>? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Repurchase Agreements</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">55.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> 0.556 0.318 0.134 -0.008 EQ/MONEY MARKET PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Money Market Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$68</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.67%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 68 0.0067 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year? </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 3.66% for the year ended December 31, 2025. </div></div> <img alt="LOGO" src="g897067g04g99.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Money Market Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">3.66%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.79%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.73%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. 3-Month Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">4.21%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">3.19%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.19%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Money Market Portfolio (Class IB) 0.0366 0.0279 0.0173 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0219 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,806,280,458 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">85 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,316,609</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 2806280458 85 8316609 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Repurchase Agreements</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">55.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">31.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.556 0.318 0.134 -0.008 EQ/MORGAN STANLEY SMALL CAP GROWTH PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Morgan Stanley Small Cap Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at<br/>1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$119</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.15%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 119 0.0115 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 3pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.39% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:3pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The greatest positive contributors to the Portfolio’s absolute performance were the Information Technology, Consumer Staples, and Materials sectors.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The largest individual contributors to absolute performance were Cloudflare, Inc., a website security and performance company, Celsius Holdings, Inc., a distributor of energy drinks, Roivant Sciences Ltd., a biopharmaceutical company, MP Materials Corp., a producer of rare earth materials, and Strategy, Inc., a bitcoin treasury company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">On a relative performance basis, stock selection in the Consumer Staples, Information Technology and Materials sectors added the most to performance versus the benchmark.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:3pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The greatest detractors from the Portfolio’s absolute performance were the Consumer Discretionary, Financials, and Real Estate sectors.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The largest individual detractors from absolute performance were Global-e Online Ltd., an e-commerce platform, Aurora Innovation, Inc., a self-driving technology company, Semler Scientific, Inc., Affirm Holdings, Inc., a financial technology company, and Agilon Health, Inc., a healthcare services company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">On a relative performance basis, stock selection and an average overweight in the Consumer Discretionary sector and stock selection in the Health Care and Financials sectors detracted the most from performance versus the benchmark.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g05g02.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:17pt"></td> <td></td> <td></td> <td style="width:17pt"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20pt"></td> <td></td> <td></td> <td style="width:20pt"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:23pt"></td> <td></td> <td></td> <td style="width:23pt"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:0pt"></td> <td></td> <td></td> <td style="width:0pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year </div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years </div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years </div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Morgan Stanley Small Cap Growth Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.39% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.01% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.95% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">* </div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.01% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.18% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.57% </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Morgan Stanley Small Cap Growth Portfolio (Class IB) 0.0739 -0.0001 0.1295 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Growth Index 0.1301 0.0318 0.0957 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt 10pt 10pt 0pt ; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">426,651,139 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,118 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,076,887</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">63%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 426651139 1118 3076887 0.63 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:5pt; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:5pt; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as<div style="display:inline;"> a %</div> of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">27.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-3.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:11%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:5%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cloudflare, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Roivant Sciences Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">IonQ, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oddity Tech Ltd., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">BitMine Immersion Technologies, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cheesecake Factory, Inc. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Arbutus Biopharma Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Immunovant, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table><div style="font-size:6pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.274 0.24 0.14 0.10 0.076 0.042 0.033 0.028 0.018 0.012 0.003 0.071 -0.037 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:11%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:5%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cloudflare, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Roivant Sciences Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">IonQ, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oddity Tech Ltd., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">BitMine Immersion Technologies, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cheesecake Factory, Inc. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Arbutus Biopharma Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Immunovant, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table> 0.06 0.043 0.03 0.029 0.022 0.019 0.016 0.016 0.015 0.014 EQ/MORGAN STANLEY SMALL CAP GROWTH PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Morgan Stanley Small Cap Growth Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us<br/>at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#f0f0f0"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$93</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.90%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 93 0.009 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 3pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.67% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:3pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The greatest positive contributors to the Portfolio’s absolute performance were the Information Technology, Consumer Staples, and Materials sectors.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The largest individual contributors to absolute performance were Cloudflare, Inc., a website security and performance company, Celsius Holdings, Inc., a distributor of energy drinks, Roivant Sciences Ltd., a biopharmaceutical company, MP Materials Corp., a producer of rare earth materials, and Strategy, Inc., a bitcoin treasury company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">On a relative performance basis, stock selection in the Consumer Staples, Information Technology and Materials sectors added the most to performance versus the benchmark.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:3pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The greatest detractors from the Portfolio’s absolute performance were the Consumer Discretionary, Financials, and Real Estate sectors.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The largest individual detractors from absolute performance were Global-e Online Ltd., an e-commerceplatform, Aurora Innovation, Inc., a self-driving technology company, Semler Scientific, Inc., Affirm Holdings, Inc., a financial technology company, and Agilon Health, Inc., a healthcare services company.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">On a relative performance basis, stock selection and an average overweight in the Consumer Discretionary sector and stock selection in the Health Care and Financials sectors detracted the most from performance versus the benchmark.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g55g05.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td colspan="2" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Morgan Stanley Small Cap Growth Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.67%</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.25%</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.24%</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index*</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.01%</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.18%</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.57%</div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;">  </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Morgan Stanley Small Cap Growth Portfolio (Class K) 0.0767 0.0025 0.1324 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Growth Index 0.1301 0.0318 0.0957 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">426,651,139 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,118 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,076,887</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">63%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div></div> 426651139 1118 3076887 0.63 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in?  </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025)  </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">27.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">24.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-3.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cloudflare, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Roivant Sciences Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">IonQ, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oddity Tech Ltd., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">BitMine Immersion Technologies, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cheesecake Factory, Inc. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Arbutus Biopharma Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Immunovant, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.274 0.24 0.14 0.10 0.076 0.042 0.033 0.028 0.018 0.012 0.003 0.071 -0.037 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:91%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cloudflare, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Roivant Sciences Ltd.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">IonQ, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Oddity Tech Ltd., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Landbridge Co. LLC, Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">BitMine Immersion Technologies, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cheesecake Factory, Inc. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Arbutus Biopharma Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Immunovant, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div> 0.06 0.043 0.03 0.029 0.022 0.019 0.016 0.016 0.015 0.014 EQ/PIMCO GLOBAL REAL RETURN PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/PIMCO Global Real Return Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$281</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">2.74%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 281 0.0274 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 5.52% for the year ended December 31, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Interest rate strategies in the U.S., U.K., and Eurozone contributed to the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to securitized assets contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to government-related assets, particularly supranational bonds, contributed positively.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Long exposure to Japanese breakeven inflation contributed positively.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Long exposure to breakeven inflation in the U.K. detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Interest rate strategies in the dollar bloc, specifically Canada and Australia, detracted.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Interest rate strategies in Japan and Denmark also detracted.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div></div> <img alt="LOGO" src="g897067g55g08.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:69%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Global Real Return Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">5.52%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.90%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.48%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg Global Aggregate Index<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div></div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.17%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-2.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg World Government Inflation-Linked Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.67%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.91%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.63%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/PIMCO Global Real Return Portfolio (Class IB) 0.0552 -0.009 0.0248 Bloomberg Global Aggregate Index 0.0817 -0.0215 0.0126 Bloomberg World Government Inflation-Linked Bond Index 0.0467 -0.0091 0.0263 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">107,758,556 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">260 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$319,715</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">175%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 107758556 260 319715 1.75 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">72.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">61.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">* </div></div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-65.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Liabilities include payable amounts for sale-buyback financing transactions and forward settling transactions, and the impact of the Portfolio’s open positions in derivatives (other than options purchased), if any. </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">78.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">36.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.728 0.612 0.161 0.046 0.044 0.038 0.025 0.001 0.001 -0.656 0.787 0.368 0.111 0.106 0.071 0.052 0.046 0.033 0.02 0.014 0.048 EQ/PIMCO GLOBAL REAL RETURN PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/PIMCO Global Real Return Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$256</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">2.49%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 256 0.0249 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 5.75% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in the U.S., U.K., and Eurozone contributed to the Portfolio’s performance during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Exposure to securitized assets contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Exposure to government-related assets, particularly supranational bonds, contributed positively. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to Japanese breakeven inflation contributed positively. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to breakeven inflation in the U.K. detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in the dollar bloc, specifically Canada and Australia, detracted. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in Japan and Denmark also detracted. </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g05g11.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:78%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Global Real Return Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">5.75%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.68%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.73%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg Global Aggregate Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.17%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-2.15%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.26%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg World Government Inflation-Linked Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">4.67%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.63%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/PIMCO Global Real Return Portfolio (Class K) 0.0575 -0.0068 0.0273 Bloomberg Global Aggregate Index 0.0817 -0.0215 0.0126 Bloomberg World Government Inflation-Linked Bond Index 0.0467 -0.0091 0.0263 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="display:inline;">107,758,556</div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">260 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$319,715</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">175%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 107758556 260 319715 1.75 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">72.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">61.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">16.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities*</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-65.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Country Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United States</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">78.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">United Kingdom</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">36.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Italy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">France</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Spain</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Japan</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Germany</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Australia</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Canada</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Other</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Liabilities include payable amounts for sale-buyback financing transactions and forward settling transactions, and the impact of the Portfolio’s open positions in derivatives (other than options purchased), if any. </div></td> <td style="width:9.75pt"> </td></tr></table><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.728 0.612 0.161 0.046 0.044 0.038 0.025 0.001 0.001 -0.656 0.787 0.368 0.111 0.106 0.071 0.052 0.046 0.033 0.02 0.014 0.048 EQ/PIMCO REAL RETURN PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/PIMCO Real Return Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">at 1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$231</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">2.22%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 231 0.0222 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.95% for the year ended December 31, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Interest rate strategies in the U.S., Eurozone, and U.K. contributed to the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to securitized assets contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Breakeven inflation strategies in the U.S. and Japan contributed to performance.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">There were no notable detractors from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g05g14.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:76%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">*</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Real Return Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.95%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.24%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div></div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Treasury Inflation-Linked Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.12%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.53%</div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4.5pt"> </td> <td style="width:21pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/PIMCO Real Return Portfolio (Class IB) 0.0795 0.0124 0.0357 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0229 Bloomberg U.S. Treasury Inflation-Linked Bond Index 0.0701 0.0112 0.0353 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">85,670,480</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">248</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$128,736</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">117%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 85670480 248 128736 1.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin:0 auto"> <tr> <td style="width:83%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size:9pt;display:inline;"><div style="font-weight:bold;display:inline;">Security Type (as a % of Net Assets)</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">112.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">62.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.63em; text-indent:-0.63em; font-size:8pt; font-family:ARIAL">Cash and Other Assets Less Liabilities*</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-105.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">*</div></td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:left">Liabilities include payable amounts for securities purchased and sale-buyback financing transactions, and the impact of the Portfolio’s open positions in derivatives (other than options purchased), if any. </div></td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; font-size: 0pt;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 1.122 0.128 0.082 0.055 0.033 0.006 0.006 0.622 -1.054 EQ/PIMCO TOTAL RETURN ESG PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/PIMCO Total Return ESG Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$78</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.75%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 78 0.0075 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year <div style="letter-spacing: 0px; top: 0px;display:inline;">and</div> what affected its performance? </div> <div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 8.70% for the year ended December <div style="letter-spacing: 0px; top: 0px;display:inline;">31</div>, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">U.S. duration positioning contributed to the Portfolio’s performance during the year. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to securitized credit, including agency mortgage-backed securities (Agency MBS), residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS) contributed to performance. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holdings of investment grade corporate credit contributed to performance. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Exposure to select emerging market currencies in Latin America, particularly the Brazilian Real and Mexican Peso, and exposure to emerging market external debt also contributed. </td> </tr> </table> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Short exposure to select developed market currencies, particularly the British Pound Sterling and the Euro, detracted from performance. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in Australia and interest rate strategies in Japan detracted from performance. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to U.S. Treasury Inflation-Protected Securities (TIPS) detracted. </td> </tr> </table> <div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <img alt="LOGO" src="g897067g05g17.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:59%"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:8%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:8%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since Inception*</div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Total Return ESG Portfolio (Class IB)</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.70%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.14%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.46%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.36%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.29%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6pt"> </td> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date <div style="letter-spacing: 0px; top: 0px;display:inline;">of</div> inception: October 22, 2018 </div> </td> </tr> </table> EQ/PIMCO Total Return ESG Portfolio (Class IB) 0.087 -0.0014 0.0246 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0229 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">262,125,120 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">703 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$769,222</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">330%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 262125120 703 769222 3.30 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:83%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">29.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Options Purchased</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities*</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-19.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"></div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left">#</td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Less than 0.05% </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3.75pt"> </td> <td style="width:8.25pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Liabilities include payable amounts for sale-buyback financing transactions and forward settling transactions, and the impact of the Portfolio’s open positions in derivatives (other than options purchased), if any. </div> </td> </tr> </table> </div> 0.416 0.291 0.173 0.108 0.058 0.044 0.022 0.011 0.007 0 0.069 -0.199 EQ/PIMCO ULTRA SHORT BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/PIMCO Ultra Short Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$82</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.80%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> 82 0.008 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:10pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 4.47% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of investment grade corporate credit, particularly financials, contributed to the Portfolio’s performance during the year.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. duration positioning contributed to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of agency mortgage-backed securities (Agency MBS) contributed positively.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Select holdings of securitized credit, particularly asset-backed securities (ABS) and collateralized debt and collateralized loan obligations (CDO/CLO) also contributed.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">There were no notable detractors from performance.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g00v13.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:77%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:5pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.47%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.93%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.32%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">3-Month</div> Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/PIMCO Ultra Short Bond Portfolio (Class IB) 0.0447 0.0293 0.0232 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0219 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">798,796,207 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">490 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,300,272</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">65%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> </table> 798796207 490 3300272 0.65 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:50%;border-spacing:0"> <tr> <td style="width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:85%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></td> <td style="vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">45.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 0.456 0.235 0.184 0.059 0.009 0.006 0.004 0.002 0.002 0.029 0.014 EQ/PIMCO ULTRA SHORT BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/PIMCO Ultra Short Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$56</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.55%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td> </tr> </table> 56 0.0055 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 4.73% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of investment grade corporate credit, particularly financials, contributed to the Portfolio’s performance during the year.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. duration positioning contributed to performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of agency mortgage-backed securities (Agency MBS) contributed positively.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Select holdings of securitized credit, particularly asset-backed securities (ABS) and collateralized debt and collateralized loan obligations (CDO/CLO) also contributed.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">There were no notable detractors from performance.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g00v14.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:76%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/PIMCO Ultra Short Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.73%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.57%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">ICE BofA U.S. 3-Month Treasury Bill Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">4.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.19%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> EQ/PIMCO Ultra Short Bond Portfolio (Class K) 0.0473 0.0319 0.0257 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 ICE BofA U.S. 3-Month Treasury Bill Index 0.0421 0.0319 0.0219 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">798,796,207 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">490 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,300,272</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">65%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> 798796207 490 3300272 0.65 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">45.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">23.5 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td> </tr> </table> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"></div> <div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.456 0.235 0.184 0.059 0.009 0.006 0.004 0.002 0.002 0.029 0.014 EQ/QUALITY BOND PLUS PORTFOLIO CLASS IA This annual shareholder report contains important information about the EQ/Quality Bond PLUS Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IA</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$85</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.82%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 85 0.0082 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IA shares returned 6.29% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">U.S. duration positioning contributed to the Portfolio’s performance during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to securitized credit, including agency mortgage-backed securities (Agency MBS), residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS) contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holdings of investment grade corporate credit contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Exposure to emerging market external debt and exposure to select emerging market currencies in Latin America, particularly the Brazilian Real and Mexican Peso, also contributed. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance <div style="display:inline;">during</div> the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in Japan detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in the Eurozone also detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to U.S. Treasury Inflation-Protected Securities (TIPS) detracted. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g00v15.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:78%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio (Class IA)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.29%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.17%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.31%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.36%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.01%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.50%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.64%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.76%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Quality Bond PLUS Portfolio (Class IA) 0.0629 -0.0017 0.0131 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">996,584,172 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">874 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$4,189,362</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">170%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 996584172 874 4189362 1.70 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.416 0.357 0.117 0.116 0.022 0.019 0.011 0.008 0.002 0.003 -0.071 EQ/QUALITY BOND PLUS PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Quality Bond PLUS Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$85</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.82%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table> 85 0.0082 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 6.32% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">U.S. duration positioning contributed to the Portfolio’s performance during the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to securitized credit, including agency mortgage-backed securities (Agency MBS), residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS) contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Holdings of investment grade corporate credit contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Exposure to emerging market external debt and exposure to select emerging market currencies in Latin America, particularly the Brazilian Real and Mexican Peso, also contributed. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during <div style="display:inline;">the</div> year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in Japan detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Interest rate strategies in the Eurozone also detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Long exposure to U.S. Treasury Inflation-Protected Securities (TIPS) detracted. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g00v16.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.32%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.19%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.31%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.36%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.01%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">6.50%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">0.64%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.76%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Quality Bond PLUS Portfolio (Class IB) 0.0632 -0.0019 0.0131 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">996,584,172 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">874 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$4,189,362</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">170%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> 996584172 874 4189362 1.70 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.416 0.357 0.117 0.116 0.022 0.019 0.011 0.008 0.002 0.003 -0.071 EQ/QUALITY BOND PLUS PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Quality Bond PLUS Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$59</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.57%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 59 0.0057 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 6.41% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">U.S. duration positioning contributed to the Portfolio’s performance during the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Long exposure to securitized credit, including agency mortgage-backed securities (Agency MBS), residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS) contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Holdings of investment grade corporate credit contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Exposure to emerging market external debt and exposure to select emerging market currencies in Latin America, particularly the Brazilian Real and Mexican Peso, also contributed.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Interest rate strategies in Japan detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Interest rate strategies in the Eurozone also detracted from performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Long exposure to U.S. Treasury Inflation-Protected Securities (TIPS) detracted.</div></div></div><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00v17.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:77%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Quality Bond PLUS Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.05%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Intermediate Government Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.50%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.64%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.76%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Quality Bond PLUS Portfolio (Class K) 0.0641 0.0005 0.0156 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 Bloomberg U.S. Intermediate Government Bond Index 0.065 0.0064 0.0176 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">996,584,172 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">874 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$4,189,362</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">170%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 996584172 874 4189362 1.70 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">35.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.416 0.357 0.117 0.116 0.022 0.019 0.011 0.008 0.002 0.003 -0.071 EQ/SMALL COMPANY INDEX PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Small Company Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-877-222-2144.</div></div></div> https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)  </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align: top; padding-bottom: 0.375pt;"></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$67</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.63%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 67 0.0063 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 12.57% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that contributed the most to performance were Health Care, Industrials, and Information Technology. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to performance were Bloom Energy Corp., Credo Technology Group Holding Ltd., EchoStar Corporation, a telecommunications company, Fabrinet, a contract manufacturer specializing in optical components, and Guardant Health, Inc. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during <div style="display:inline;">the</div> year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sectors that detracted the most from performance were Consumer Staples, Energy, and Consumer Discretionary. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were Vaxcyte, Inc., a vaccine company, SPS Commerce Inc., a provider of a cloud-based retail network, Six Flags Entertainment Corporation, and SoundHound AI, Inc., a voice AI company. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g00g06.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.57%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.16%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.44%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div></div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.15%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.15%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.29%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.81%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">6.09%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">9.62%</td></tr></table> EQ/Small Company Index Portfolio (Class IB) 0.1257 0.0616 0.0944 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Index 0.1281 0.0609 0.0962 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance <div style="letter-spacing: 0px; top: 0px;display:inline;"></div>results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Net Assets</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,599,630,956 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Number of Portfolio Holdings</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,924 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Total Investment Advisory Fees Paid</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$3,695,624</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Portfolio Turnover Rate</td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:24pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 1599630956 1924 3695624 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:50%;border-spacing:0"> <tr> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:93%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">18.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">17.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">17.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">14.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">-1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.186 0.176 0.171 0.146 0.088 0.056 0.048 0.044 0.03 0.027 0.018 0.023 -0.013 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/SMALL COMPANY INDEX PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Small Company Index Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$41</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.38%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td></tr></table> 41 0.0038 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 12.82% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to performance were Health Care, Industrials, and Information Technology.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to performance were Bloom Energy Corp., Credo Technology Group Holding Ltd., EchoStar Corporation, a telecommunications company, Fabrinet, a contract manufacturer specializing in optical components, and Guardant Health, Inc.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that detracted the most from performance were Consumer Staples, Energy, and Consumer Discretionary.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were Vaxcyte, Inc., a vaccine company, SPS Commerce Inc., a provider of a cloud-based retail network, Six Flags Entertainment Corporation, and SoundHound AI, Inc., a voice AI company.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00g07.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Small Company Index Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.82%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.41%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.70%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 2000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">12.81%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.09%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> EQ/Small Company Index Portfolio (Class K) 0.1282 0.0641 0.097 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 2000® Index 0.1281 0.0609 0.0962 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,599,630,956 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,924 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,695,624</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1599630956 1924 3695624 0.13 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:89%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.1 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.4 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-1.3 </td> <td style="white-space:nowrap;vertical-align:bottom">% </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.186 0.176 0.171 0.146 0.088 0.056 0.048 0.044 0.03 0.027 0.018 0.023 -0.013 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:4pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div><div style="margin-top:6pt; margin-bottom:0pt; padding-bottom:4pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the Portfolio’s adviser, Equitable Investment Management Group, LLC, agreed to add a new breakpoint to the contractual advisory fee rate schedule for the Portfolio. This change is intended to reduce the Portfolio’s fees. 2025-05-01 For more complete information, including the contractual fee rate schedule, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 EQ/T. ROWE PRICE HEALTH SCIENCES PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/T. Rowe Price Health Sciences Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$132</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.20%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 132 0.012 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 4pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 19.21% for the year ended December 31, 2025.</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Overall, stock selection drove the Portfolio’s performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Biotechnology was a major contributor to performance due to positive stock selection and an overweight position relative to the Portfolio’s benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Insmed Incorporated, a biopharmaceutical company focused on developing and commercializing therapies for patients with serious lung diseases, was a top contributor.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Diagnostics company Guardant Health, Inc. outperformed during the period due to consecutive strong earnings reports.</div></div></div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:4pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s underweight allocation to the pharmaceuticals <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-sector</div> detracted meaningfully from the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s modest overweight allocation to the life sciences <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-sector</div> also detracted. An uncertain and rapidly evolving U.S. policy environment weighed on the segment during the first half of the year.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The Portfolio’s investment in UnitedHealth Group, Inc. was the top detractor from the Portfolio’s absolute performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table></div> <img alt="LOGO" src="g897067g00g08.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">*</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/T. Rowe Price Health Sciences Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">19.21%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3.62%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.06%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Health Care Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.56%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6.31%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">8.96%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P 500<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.88%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.42%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.26%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:20.25pt;vertical-align:top;text-align:left">  *</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/T. Rowe Price Health Sciences Portfolio (Class IB) 0.1921 0.0362 0.0806 Russell 3000® Index 0.1715 0.1315 0.1459 Russell 3000® Health Care Index 0.1456 0.0631 0.0896 S&P 500® Index 0.1788 0.1442 0.1526 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt 10pt 10pt 0pt ; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">176,068,151 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">169 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$1,260,033</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">67%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 176068151 169 1260033 0.67 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:74%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="8" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector &amp; Industry Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">99.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Biotechnology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">42.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Pharmaceuticals</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">22.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care Equipment &amp; Supplies</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">13.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care Providers &amp; Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Life Sciences Tools &amp; Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Health Care Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intuitive Surgical, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Thermo Fisher Scientific, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Argenx SE (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Stryker Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">UnitedHealth Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AstraZeneca plc (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Danaher Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Regeneron Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.996 0.427 0.221 0.133 0.125 0.089 0.001 0.007 -0.003 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Intuitive Surgical, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Thermo Fisher Scientific, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Argenx SE (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Stryker Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">UnitedHealth Group, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AstraZeneca plc (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">AbbVie, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Danaher Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Regeneron Pharmaceuticals, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.124 0.045 0.043 0.039 0.036 0.033 0.029 0.028 0.028 0.026 EQ/VALUE EQUITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Value Equity Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs <div style="display:inline;">for</div> the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$96</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.91%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr></table></div> 96 0.0091 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio <div style="display:inline;">perform</div> last year and <div style="display:inline;">what</div> affected <div style="display:inline;">its</div> performance? </div><div style="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 11.01% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Security selection within the Industrials sector contributed the most to the Portfolio’s performance relative to its benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, an overweight allocation to Information Technology was the largest contributor. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Parker-Hannifin Corporation, a manufacturer of motion control technologies, Capital One Financial Corporation, and Mitsubishi UFJ Financial Group, Inc., a Japanese financial services holding company, were the largest individual contributors during the year. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Security selection within the Information Technology sector detracted from performance relative to the benchmark index. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">From a sector allocation perspective, an underweight allocation to Communication Services detracted from relative performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Lennar Corporation, one of the largest homebuilders in the U.S., Adobe Inc., a software company, and Ameriprise Financial, Inc. were the largest individual detractors during the year. </td></tr></table></div> <img alt="LOGO" src="g897067g00g09.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.01%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.65%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.47%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.33%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.53%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Value Equity Portfolio (Class IB) 0.1101 0.0865 0.0847 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:99%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="3" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 1pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">1,519,841,396 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">47 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$8,320,289</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> 1519841396 47 8320289 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">21.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Parker-Hannifin Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Capital One Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corteva, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Martin Marietta Materials, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sony Group Corp. (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameriprise Financial, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amgen, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:4pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.216 0.144 0.121 0.114 0.095 0.068 0.063 0.058 0.045 0.037 0.013 0.003 0.023 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Parker-Hannifin Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Capital One Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corteva, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Martin Marietta Materials, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sony Group Corp. (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameriprise Financial, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amgen, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.056 0.04 0.039 0.039 0.032 0.029 0.028 0.027 0.025 0.025 EQ/VALUE EQUITY PORTFOLIO CLASS K This annual shareholder report contains important information about the EQ/Value Equity Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$70</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.66%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table> 70 0.0066 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 11.31% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Security selection within the Industrials sector contributed the most to the Portfolio’s performance relative to its benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, an overweight allocation to Information Technology was the largest contributor.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Parker-Hannifin Corporation, a manufacturer of motion control technologies, Capital One Financial Corporation, and Mitsubishi UFJ Financial Group, Inc., a Japanese financial services holding company, were the largest individual contributors during the year.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Security selection within the Information Technology sector detracted from performance relative to the benchmark index.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, an underweight allocation to Communication Services detracted from relative performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Lennar Corporation, one of the largest homebuilders in the U.S., Adobe Inc., a software company, and Ameriprise Financial, Inc. were the largest individual detractors during the year.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00g10.jpg" style="width:6.31944in;height:3.18022in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:69%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Value Equity Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.31%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.93%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">8.74%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Value Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.91%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.33%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">10.53%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> EQ/Value Equity Portfolio (Class K) 0.1131 0.0893 0.0874 Russell 1000® Index 0.1737 0.1359 0.1459 Russell 1000® Value Index 0.1591 0.1133 0.1053 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,519,841,396 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">47 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$8,320,289</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">12%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table> 1519841396 47 8320289 0.12 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">21.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">14.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">12.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">11.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">6.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:1pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Parker-Hannifin Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Capital One Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corteva, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Martin Marietta Materials, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sony Group Corp. (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameriprise Financial, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amgen, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.216 0.144 0.121 0.114 0.095 0.068 0.063 0.058 0.045 0.037 0.013 0.003 0.023 <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Parker-Hannifin Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Capital One Financial Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class C</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corteva, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Martin Marietta Materials, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Sony Group Corp. (ADR)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Ameriprise Financial, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">US Bancorp</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amgen, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> 0.056 0.04 0.039 0.039 0.032 0.029 0.028 0.027 0.025 0.025 EQ/WELLINGTON ENERGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the EQ/Wellington Energy Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;vertical-align:top;text-align:center">$126</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.19%</td></tr> <tr style="font-size:1px; font-family:ARIAL; font-size:6pt"> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 1pt; text-align: justify; line-height: normal;"> </div></td> <td style=" BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:top"> </td> <td style=" BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:top"> </td></tr></table> 126 0.0119 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div><div style="margin-top:3pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class IB shares returned 12.17% for the year ended December 31, 2025. </div><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Integrated oils and utilities were the top performing sectors for the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s investment in Shell plc, a British multinational integrated oil company, contributed to performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s investment in TotalEnergies SE, a French multinational integrated oil company, also contributed to performance. </td></tr></table><div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Metals &amp; minerals was the bottom contributing sector for the year. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s investment in ONEOK, Inc., an American oil and gas midstream operator, detracted from performance. </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The Portfolio’s investment in EOG Resources, a U.S.-based oil and gas producer, also detracted from performance. </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div> <img alt="LOGO" src="g897067g14k03.jpg" style="width:6.31944in;height:3.18003in"/> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Since<br/>Inception*</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">EQ/Wellington Energy Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.17%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.90%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">-0.37%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI World (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">21.09%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.15%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.97%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">MSCI ACWI Energy (Net) Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.71%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.04%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">5.71%</td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:6pt"> </td> <td style="width:9.75pt;vertical-align:top;text-align:left">*</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: left; line-height: normal;">Date of inception: October 22, 2018 </div></td></tr></table> EQ/Wellington Energy Portfolio (Class IB) 0.1217 0.179 -0.0037 MSCI World (Net) Index 0.2109 0.1215 0.1297 MSCI ACWI Energy (Net) Index 0.1371 0.1704 0.0571 2018-10-22 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align:top"><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">138,889,370 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">44 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">$991,989</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right">17%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 138889370 44 991989 0.17 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:72%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="8" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 8.5pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector &amp; Industry Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">87.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Oil, Gas &amp; Consumable Fuels</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">82.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>Energy Equipment &amp; Services</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">11.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Multi-Utilities<div style="letter-spacing: 0px; top: 0px;display:inline;"></div></div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Electric Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 8.5pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shell plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exxon Mobil Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Marathon Petroleum Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Diamondback Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TotalEnergies SE (Paris Stock Exchange)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Coterra Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Williams Cos., Inc. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Targa Resources Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ONEOK, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.871 0.828 0.043 0.116 0.065 0.051 0.018 -0.005 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:6%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 8.5pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Shell plc</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Chevron Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exxon Mobil Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Marathon Petroleum Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Diamondback Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">TotalEnergies SE (Paris Stock Exchange)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Coterra Energy, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Williams Cos., Inc. (The)</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Targa Resources Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">ONEOK, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.095 0.085 0.068 0.049 0.047 0.046 0.045 0.045 0.036 0.03 MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO CLASS IA This annual shareholder report contains important information about the Multimanager Aggressive Equity Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0px; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="padding-left: 8pt; height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 2pt; padding-left: 8pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">Share Class</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; padding-right: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="padding-left: 8pt; height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 2pt; padding-left: 8pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">Class IA</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">$104</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; padding-right: 2pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">0.96%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 104 0.0096 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IA shares returned 16.32% for the <div style="letter-spacing: 0px; top: 0px;display:inline;">year</div> ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology and Communication Services.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., Lumentum Holdings Inc., a manufacturer of optical and photonic products, and AppLovin Corp., a mobile technology company.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top:6pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sector that detracted the most from absolute performance was Consumer Staples.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Confluent Inc., a data streaming platform provider, Trade Desk, Inc., a technology platform for advertising, GitLab, Inc., a software development platform, and Celsius Holdings, Inc., a distributor of energy drinks.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0px; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> </div> </div> <img alt="LOGO" src="g897067g00s24.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: middle; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td colspan="4" style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td colspan="4" style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td colspan="4" style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio (Class IA)</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">16.32%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11.47%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">15.67%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.15%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">13.15%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.29%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Growth Index</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">18.15%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">14.59%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">17.59%</div></td> <td style="white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> </tr> </table> Multimanager Aggressive Equity Portfolio (Class IA) 0.1632 0.1147 0.1567 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 3000® Growth Index 0.1815 0.1459 0.1759 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0px; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0px; margin-bottom: 0px; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="margin-top: 0px; margin-bottom: 0px; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">$</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">1,879,580,777 </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">824 </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><br/></td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">$10,000,877</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">118%</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> </div> 1879580777 824 10000877 1.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px;"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div></div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"> </div> </div> 0.392 0.081 0.076 0.072 0.058 0.039 0.005 0.001 0.001 0.001 0.001 0.073 0.19 0.01 <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> 0.19 0.071 0.058 0.051 0.037 0.033 0.03 0.029 0.025 0.024 MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO CLASS IB This annual shareholder report contains important information about the Multimanager Aggressive Equity Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;"> </div></div></div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:38%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;vertical-align:top;text-align:center">$104</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.96%</td></tr> <tr style="font-size:1px; font-family:ARIAL; font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:top"> </td> <td style=" BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-TOP:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"> </td></tr></table></div> 104 0.0096 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 16.30% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology and Communication Services.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., Lumentum Holdings Inc., a manufacturer of optical and photonic products, and AppLovin Corp., a mobile technology company.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The sector that detracted the most from absolute performance was Consumer Staples.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Confluent Inc., a data streaming platform provider, Trade Desk, Inc., a technology platform for advertising, GitLab, Inc., a software development platform, and Celsius Holdings, Inc., a distributor of energy drinks.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g00s25.jpg" style="width:6.31944in;height:3.13375in"/>   <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:70%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">16.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">11.47%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">15.66%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.15%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.15%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.29%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Growth Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.15%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Multimanager Aggressive Equity Portfolio (Class IB) 0.163 0.1147 0.1566 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 3000® Growth Index 0.1815 0.1459 0.1759 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div><div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,879,580,777 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">824 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$10,000,877</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">118%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table></div> 1879580777 824 10000877 1.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; text-indent: 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">39.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="clear: both; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.392 0.081 0.076 0.072 0.058 0.039 0.005 0.001 0.001 0.001 0.001 0.073 0.19 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Top Holdings (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> 0.19 0.071 0.058 0.051 0.037 0.033 0.03 0.029 0.025 0.024 MULTIMANAGER AGGRESSIVE EQUITY PORTFOLIO CLASS K This annual shareholder report contains important information about the Multimanager Aggressive Equity Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0px; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="padding-left: 8pt; height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 2pt; padding-left: 8pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">Share Class</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; padding-right: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="padding-left: 8pt; height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> <td colspan="2" style="height: 1.5pt; border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 2pt; padding-left: 8pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">Class K</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">$77</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 2pt; padding-right: 2pt; vertical-align: top; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">0.71%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td colspan="5" style="vertical-align:top"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 77 0.0071 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 16.60% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sectors that contributed the most to the Portfolio’s absolute performance were Information Technology and Communication Services.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were NVIDIA Corp., Alphabet Inc., Broadcom Inc., Lumentum Holdings Inc., a manufacturer of optical and photonic products, and AppLovin Corp., a mobile technology company.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The sector that detracted the most from absolute performance was Consumer Staples.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Confluent Inc., a data streaming platform provider, Trade Desk, Inc., a technology platform for advertising, GitLab, Inc., a software development platform, and Celsius Holdings, Inc., a distributor of energy drinks.</div> </div> </div> <div style="font-size: 36pt; margin-top: 0px; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g00s26.jpg" style="width:6.31944in;height:3.13375in"/>   <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:66%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-left: 8pt; vertical-align: middle; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-right: 2pt; vertical-align: middle; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Aggressive Equity Portfolio (Class K)</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);">16.60%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);">11.75%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">15.95%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Index</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);">17.15%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);">13.15%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">14.29%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-left: 8pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 3000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div><div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px"> </div>Growth Index</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);">18.15%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0);">14.59%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0);">17.59%</td> </tr> </table> Multimanager Aggressive Equity Portfolio (Class K) 0.166 0.1175 0.1595 Russell 3000® Index 0.1715 0.1315 0.1429 Russell 3000® Growth Index 0.1815 0.1459 0.1759 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt 10pt 10pt 0pt ; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size: 4pt; margin-top: 0px; margin-bottom: 0px;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 3pt; margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0px; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0px; margin-bottom: 0px; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="margin-top: 0px; margin-bottom: 0px; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 3pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">$</td> <td style="padding-bottom: 3pt; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">1,879,580,777 </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">824 </td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> <td colspan="4" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"><br/></td> <td style="padding-bottom: 3pt; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">$10,000,877</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height: 3pt;"> </td> <td colspan="4" style="height: 3pt;"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom: 3pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);">  </td> <td style="padding-bottom: 3pt; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> <td style="padding-bottom: 3pt; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid rgb(0, 0, 0);">118%</td> <td style="padding-bottom: 3pt; white-space: nowrap; vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> </div> 1879580777 824 10000877 1.18 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size: 2pt; margin-top: 0px; margin-bottom: 0px;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did <div style="letter-spacing: 0px; top: 0px;display:inline;">the </div>Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"> <div style="margin-top: 0pt; margin-bottom: 1pt; text-indent: 0.2em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Sector Weightings (as a % of Net Assets)</div> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">39.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">8.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Health Care</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Materials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Utilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px;"> </div> </div> 0.392 0.081 0.076 0.072 0.058 0.039 0.005 0.001 0.001 0.001 0.001 0.073 0.19 0.01 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid rgb(0, 0, 0);"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid rgb(0, 0, 0);"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">JPMorgan Prime Money Market Fund, IM Shares</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">19.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">7.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Growth ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Amazon.com, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Eli Lilly &amp; Co.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.19 0.071 0.058 0.051 0.037 0.033 0.03 0.029 0.025 0.024 MULTIMANAGER CORE BOND PORTFOLIO CLASS IB This annual shareholder report contains important information about the Multimanager Core Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What were the Portfolio costs for the last year? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div> </div><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:39%"></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">Costs paid as a percentage of a<br/>$10,000 investment</td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$96</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.93%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 96 0.0093 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;margin:0 auto;background-color:#f0f0f0"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares returned 7.11% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, U.S. Treasuries and U.S. Agency mortgage-backed securities contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Duration positioning also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Long exposure to Treasury Inflation-Protected Securities (TIPS) detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g62s62.jpg" style="width:6.31944in;height:3.13375in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:75%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.11%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.27%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">1.72%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">7.30%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">-0.36%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">2.01%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> Multimanager Core Bond Portfolio (Class IB) 0.0711 -0.0027 0.0172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">802,802,634 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,868 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,149,844</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">246%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div></div> 802802634 2868 3149844 2.46 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:5pt; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; margin-left:5pt; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Security Type (as a % of Net Assets)</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">27.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div><div style="font-size:12pt; margin-top:0pt; margin-bottom:0pt"> </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div></div> 0.27 0.269 0.267 0.107 0.097 0.065 0.021 0.007 0.006 0.003 0.018 -0.13 MULTIMANAGER CORE BOND PORTFOLIO CLASS K This annual shareholder report contains important information about the Multimanager Core Bond Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td></tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div></td></tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$70</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.68%</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td></tr></table></div> 70 0.0068 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 2pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 6pt 0.5em 0pt; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class K shares returned 7.40% for the year ended December 31, 2025.</div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">From a sector allocation perspective, U.S. Treasuries and U.S. Agency mortgage-backed securities contributed to performance.</div></div></div><div style="margin-top:0pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Duration positioning also contributed to performance.</div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin: 12pt 0.42em 0pt; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top:6pt;margin-bottom:0pt; display: table-row"><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.000000em; font-family:ARIAL">•</div></div><div style="display: table-cell"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.650000em; font-family:ARIAL">Long exposure to Treasury Inflation-Protected Securities (TIPS) detracted from performance.</div></div></div><div style="font-size: 36pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td></tr></table> <img alt="LOGO" src="g897067g99t11.jpg" style="width:6.31944in;height:3.18022in"/>   <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin-left:auto"> <tr> <td style="width:68%"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td colspan="4" style="vertical-align: middle; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Core Bond Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.40%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">0.00%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">1.97%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7.30%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">-0.36%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2.01%</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"></td></tr></table> Multimanager Core Bond Portfolio (Class K) 0.074 0 0.0197 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt 10pt 10pt 0pt ; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div></td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div><div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">802,802,634 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,868 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$3,149,844</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">246%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr></table></div> 802802634 2868 3149844 2.46 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div><div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:85%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Security Type (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">27.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Corporate Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Treasury Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">26.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Collateralized Mortgage Obligations</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Asset-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Commercial Mortgage-Backed Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">6.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Foreign Government Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">U.S. Government Agency Securities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Supranational</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.6%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Municipal Bonds</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">-13.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:50pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:50pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">  </div></div><div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> </div><div style="clear: both; height: 0pt; font-size: 0pt; max-height: 0px;"></div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div></div> 0.27 0.269 0.267 0.107 0.097 0.065 0.021 0.007 0.006 0.003 0.018 -0.13 MULTIMANAGER TECHNOLOGY PORTFOLIO CLASS IB This annual shareholder report contains important information about the Multimanager Technology Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="margin: 0pt 0.56em 1pt; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> </td> </tr> </table> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:37%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:33%"></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000;height:3pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:top;text-align:center">Costs of a $10,000<br/>investment</td> <td style=" BORDER-LEFT:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class IB</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$132</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">1.17%</td> </tr> </table> </div> </div> 132 0.0117 <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:100%;border-spacing:0;background-color:#f0f0f0;margin-left:auto"> <tr> <td style="width:100%"></td> </tr> <tr style="font-size:1pt"> <td style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">How did the Portfolio perform last year and what affected its performance?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.5em; font-size: 10pt; font-family: ARIAL; line-height: normal;">The Portfolio’s Class IB shares ret<div style="letter-spacing: 0px; top: 0px;display:inline;">urne</div>d 25.87% for the year ended December 31, 2025.</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What contributed to performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">Semiconductors and Internet Services &amp; Infrastructure (sub-sectors of the Information Technology sector) and Interactive Media &amp; Services (a sub-sector of the Communication Services sector) contributed the most to the Portfolio’s absolute performance.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The stocks that contributed the most to absolute performance were Alphabet Inc., Taiwan Semiconductor Manufacturing Co. Ltd., NVIDIA Corp., and Broadcom, Inc.</div> </div> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin: 0pt 0.42em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What detracted from performance during the year?</div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The sub-sectors that detracted the most from absolute performance were Transaction &amp; Payment Processing Services and Application Software.</div> </div> </div> <div style="margin-top:0pt;margin-bottom:0pt; display: table-row"> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.500000em; font-family:ARIAL">•</div> </div> <div style="display: table-cell"> <div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.150000em; font-family:ARIAL">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Silergy Corp., a company that designs analog power chips, Oracle Corp., a technology company, Worldline SA, a digital payment company, and Arista Networks, Inc., a provider of cloud networking solutions.</div> </div> </div> </td> </tr> </table> <img alt="LOGO" src="g897067g99t12.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin-left:auto"> <tr> <td style="width:67%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Technology Portfolio (Class IB)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">25.87%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">12.46%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">19.41%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">17.37%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">13.59%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">14.59%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P North American Technology Sector Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">27.82%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">18.02%</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">22.54%</td> </tr> </table> Multimanager Technology Portfolio (Class IB) 0.2587 0.1246 0.1941 Russell 1000® Index 0.1737 0.1359 0.1459 S&P North American Technology Sector Index 0.2782 0.1802 0.2254 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:3pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Portfolio Statistics </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:3pt; margin-left:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size:1pt"> <td style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,109,230,972 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">366 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$14,563,151</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">40%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> </tr> </table> </div> 2109230972 366 14563151 0.40 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:3pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">(as of December 31, 2025) </div> <div style="font-size:3pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">52.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:40pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"> <div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> Less than 0.05% </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Expanded Tech Sector ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Information Technology ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Technology Select Sector SPDR ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan Semiconductor Manufacturing Co. Ltd.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.529 0.098 0.035 0.017 0.008 0.004 0.003 0 0.302 0.003 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Expanded Tech Sector ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Information Technology ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Technology Select Sector SPDR ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan Semiconductor Manufacturing Co. Ltd.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.104 0.10 0.099 0.05 0.05 0.048 0.047 0.038 0.027 0.022 <div style="max-width:100%;margin-left:0%; margin-right:0%;background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:18pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL;font-weight:bold">Material Changes to the Portfolio </div> <div style="margin-top:2pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 1.18% to 1.17%. The expense limit includes amounts pa<div style="letter-spacing: 0px; top: 0px;display:inline;">yab</div>le pursuant to Rule 12b-1 under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. </div> <div style="margin-top:12pt; margin-bottom:0pt; padding-bottom:18pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class IB shares was lowered from 1.18% to 1.17%. The expense limit includes amounts pa<div style="letter-spacing: 0px; top: 0px;display:inline;">yab</div>le pursuant to Rule 12b-1 under the 1940 Act, but excludes certain other expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 MULTIMANAGER TECHNOLOGY PORTFOLIO CLASS K This annual shareholder report contains important information about the Multimanager Technology Portfolio (the “Portfolio”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Portfolio at https://equitable-funds.com. You can also request this information by contacting us at 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 This report describes changes to the Portfolio that occurred during the reporting period. <div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px #ececec;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:26%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:32%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:40%"></td> </tr> <tr style="font-size:1pt"> <td colspan="5" style="height:3pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="5" style="vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.17em; font-size: 12pt; font-family: ARIAL; font-weight: bold; line-height: normal;">What were the Portfolio costs for the last year?</div> <div style="font-size: 0pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.22em; font-size: 9pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div></div></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;text-align:center">Share Class</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs of a $10,000</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">investment</div> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">Costs paid as a percentage of a</div> <div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 10pt; font-family: ARIAL; text-align: center; line-height: normal;">$10,000 investment</div> </td> </tr> <tr style="font-size:1pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:8pt;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> <td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center">Class K</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top;text-align:center">$104</td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:top;text-align:center">0.92%</td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> </tr> </table> </div> 104 0.0092 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#ececec;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">How did the Portfolio perform last year and what affected its performance? </div> <div style="margin-top:4pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The Portfolio’s Class K shares returned 26.21% for the year ended December 31, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What contributed to performance during the year? </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">Semiconductors and Internet Services &amp; Infrastructure (sub-sectors of the Information Technology sector) and Interactive Media &amp; Services (a sub-sector of the Communication Services sector) contributed the most to the Portfolio’s absolute performance. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that contributed the most to absolute performance were Alphabet Inc., Taiwan Semiconductor Manufacturing Co. Ltd., NVIDIA Corp., and Broadcom, Inc. </td> </tr> </table> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What detracted from performance during the year? </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The sub-sectors that detracted the most from absolute performance were Transaction &amp; Payment Processing Services and Application Software. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:25.5pt"> </td> <td style="width:14.25pt;vertical-align:top;text-align:left">•</td> <td style="width:0.75pt;vertical-align:top"> </td> <td style="vertical-align:top;text-align:left">The stocks that detracted the most from performance were ServiceNow, Inc., a cloud computing platform, Silergy Corp., a company that designs analog power chips, Oracle Corp., a technology company, Worldline SA, a digital payment company, and Arista Networks, Inc., a provider of cloud networking solutions. </td> </tr> </table> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:36pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> <img alt="LOGO" src="g897067g99t13.jpg" style="width:6.31944in;height:3.18022in"/> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:98%;border-spacing:0;margin:0 auto"> <tr> <td style="width:73%"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> <td style="vertical-align:bottom;width:2%"></td> <td style="width:10pt;white-space:nowrap"></td> <td></td> <td></td> <td style="width:10pt;white-space:nowrap"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns as of 12/31/25</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Multimanager Technology Portfolio (Class K)</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">26.21%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">12.74%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">19.71%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Russell 1000<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">®</div> Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">17.37%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">13.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">14.59%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">S&amp;P North American Technology Sector Index</div></td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">27.82%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">18.02%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:center">22.54%</td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> Multimanager Technology Portfolio (Class K) 0.2621 0.1274 0.1971 Russell 1000® Index 0.1737 0.1359 0.1459 S&P North American Technology Sector Index 0.2782 0.1802 0.2254 The Portfolio’s past performance is not a good predictor of the Portfolio’s future performance. Performance results do not reflect any Contract-related fees and expenses, which would reduce performance results. <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt 10pt 10pt 0pt ; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-radius:6pt; font-family:ARIAL; font-size:10pt;width:99%;border-spacing:0;margin:0 auto;background-color:#ececec"> <tr> <td style="width:84%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> <div style="margin-top: 2pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;">Portfolio Statistics</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3em; font-size: 10pt; font-family: ARIAL; line-height: normal;">(as of December 31, 2025)</div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"> </div> </td> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; font-weight: bold; line-height: normal;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 10pt; font-family: ARIAL; line-height: normal;"> </div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"></div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Net Assets</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">2,109,230,972 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Number of Portfolio Holdings</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">366 </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Total Investment Advisory Fees Paid</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$14,563,151</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Portfolio Turnover Rate</div> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">40%</td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt"> <td style="vertical-align:top"> </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> </tr> </table> </div> 2109230972 366 14563151 0.40 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; font-size:12pt; font-family:ARIAL;font-weight:bold">What did the Portfolio invest in? </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; font-size:10pt; font-family:ARIAL;text-align:justify">(as of December 31, 2025) </div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Sector Weightings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Information Technology</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">52.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Communication Services</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Discretionary</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Financials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Industrials</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Real Estate</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Energy</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Consumer Staples</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.0%</td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">#</div> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Exchange Traded Funds</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">30.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Short-Term Investments</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Cash and Other Assets Less Liabilities</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> <div style="margin-top:36pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"># Less than 0.05% </div> </div> <div style="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Expanded Tech Sector ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Information Technology ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Technology Select Sector SPDR ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan Semiconductor Manufacturing Co. Ltd.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table></div> <div style="clear: both; font-size: 0pt; max-height: 0px;"></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> </div> 0.529 0.098 0.035 0.017 0.008 0.004 0.003 0 0.302 0.003 0.001 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:99%;border-spacing:0;margin:0 auto"> <tr> <td style="width:86%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td colspan="4" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings (as a % of Net Assets)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">iShares Expanded Tech Sector ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.4%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Vanguard Information Technology ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">State Street Technology Select Sector SPDR ETF</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">9.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Alphabet, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Microsoft Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5.0%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">NVIDIA Corp.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Apple, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Broadcom, Inc.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3.8%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Taiwan Semiconductor Manufacturing Co. Ltd.</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.7%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> </tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.63em; text-indent: -0.63em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Meta Platforms, Inc., Class A</div> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2.2%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> </table> 0.104 0.10 0.099 0.05 0.05 0.048 0.047 0.038 0.027 0.022 <div style="max-width:100%;margin-left:0%; margin-right:0%;border-radius:10pt; background-color:#f0f0f0;padding-top:2pt;padding-bottom:3pt"> <div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; padding-top:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Material Changes to the Portfolio</div></div> </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">The following is a summary of certain changes to the Portfolio since January 1, 2025. </div> <div style="margin-top:12pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.93% to 0.92%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. </div> <div style="margin-top:12pt; margin-bottom:0pt; padding-bottom:2pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:ARIAL">This change is intended to reduce the Portfolio’s expenses. For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. </div> </div> The following is a summary of certain changes to the Portfolio since January 1, 2025. Effective May 1, 2025, the contractual limit on the annual operating expenses of the Portfolio’s Class K shares was lowered from 0.93% to 0.92%. The expense limit excludes certain expenses, such as taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. 2025-05-01 For more complete information, please see the Portfolio’s current prospectus, which is available at https://equitable-funds.com or upon request by calling 1-877-222-2144. https://equitable-funds.com 1-877-222-2144 Date of inception: November 13, 2017 Less than 0.05% Excludes fees and expenses of the underlying funds in which the Portfolio invests. Date of inception: June 8, 2020 Date of inception: February 15, 2022 Date of inception: October 26, 2021. Date of inception: October 22, 2018 Date of inception: February 1, 2019 Date of inception: February 22, 2016 Date of inception: April 3, 2023 Liabilities include payable amounts for sale-buyback financing transactions and forward settling transactions, and the impact of the Portfolio’s open positions in derivatives (other than options purchased), if any. Liabilities include payable amounts for securities purchased and sale-buyback financing transactions, and the impact of the Portfolio’s open positions in derivatives (other than options purchased), if any. Includes U.S. Treasury Obligations of 0.2%. Date of inception: August 2, 2021